Japan’s Idemitsu Kosan nominates Sept PX ACP at $1,520/tonne

23 August 2012 10:50  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Idemitsu Kosan has nominated its September paraxylene (PX) Asian Contract Price (ACP) at $1,520/tonne (€1,216/tonne), a company source said on Thursday.

The nominated price is $30/tonne higher than its August nomination at $1,490/tonne CFR (cost and freight) Asia.

Rival Japanese producer JX Nippon Oil & Energy nominated its September ACP at $1,500/tonne CFR Asia earlier on, while another aromatics major, ExxonMobil, has yet to announce its September nomination.

($1 = €0.80)

By: Yu Guo
+65 6780 4359

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