19 October 2012 20:06 [Source: ICIS news]
HOUSTON (ICIS)--The US paraxylene (PX) October contract has been fully settled at a slight increase following price direction from Asia, a major producer and buyers said on Friday.
The US PX contract price is usually settled in the first half of the month to which it applies, guided by the PX Asian Contract Price (ACP).
The October PX ACP was settled at $1,490/tonne CFR (cost and freight) Asia, a $40/tonne increase from the previous month.
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.77)
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