Japan’s JX Nippon Oil benzene ACP nomination for Feb unchanged

25 January 2013 08:28  [Source: ICIS news]

SINGAPORE (ICIS)--Japan's JX Nippon Oil and Energy on Friday nominated its benzene Asian Contract Price (ACP) for February at $1,470/tonne (€1,103/tonne), unchanged from January this year, a company source said.

The ACP is on a CFR (cost & freight) Asia basis.

The price level is too high considering the lack of spot discussions, according to market players.

Bids for spot second-half February loading were at $1,400/tonne FOB (free on board) Korea on Friday afternoon, they added. 

($1 = €0.75)

Author: Ong Sheau Ling

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