22 August 2012 20:19 [Source: ICIS news]
MIAMI, Florida (ICIS)--The US paraxylene (PX) August contract has been fully settled at a 6.15 cents/lb ($136/tonne, €109/tonne) increase from the previous month, following price movements in Asia, a major producer and buyer said on Wednesday.
The August PX contract was fully settled at 69 cents/lb ?xml:namespace>
The US PX contract price is usually settled in the first half of the month to which it applies, with the Asian PX Contract Price (ACP) providing a guide to price direction
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.80)
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