05 September 2012 22:47 [Source: ICIS news]
MIAMI, Florida (ICIS)--The ?xml:namespace>
While a producer is targeting a 3 cent/lb increase in September, a buyer said prices are likely to rise by 1-1.5 cents/lb.
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
The August PX ACP was settled at $1,365/tonne CFR (cost and freight) Asia.
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.80)
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