S Korea’s S-Oil nominates $1,590/tonne for December PX ACP

26 November 2012 10:52  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil has nominated its December paraxylene (PX) Asian Contract Price (ACP) at $1,590/tonne (€1,224/tonne), down by $60/tonne from its November nomination, market sources said on Monday.

The PX ACP is on a cost-and-freight (CFR) Asia basis.

Another PX major, ExxonMobil, has nominated $1,620/tonne CFR Asia for December PX ACP, according to two of its customers.

Earlier on, Japanese producers JX Nippon Oil and Energy and Idemitsu Kosan nominated their December PX ACP at $1,590/tonne CFR Asia and $1,600/tonne CFR Asia, respectively.

($1 = €0.77)

By: Yu Guo
+65 6780 4359

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