Asia PX producers nominate May ACP at $1,520-1,620/tonne

23 April 2013 11:17  [Source: ICIS news]

SINGAPORE (ICIS)--Major paraxylene (PX) producers in Asia have nominated their May Asian Contract Price (ACP) at $1,520-1,620/tonne (€1,170-1,247/tonne), up by $120-220/tonne from April’s settlement, market sources said on Tuesday.

Japan’s JX Nippon Oil and Energy quoted $1,520/tonne CFR (cost & freight) Asia for its May ACP, while its fellow Japanese PX major Idemitsu Kosan nominated $1,550/tonne CFR Asia, market sources said.

South Korean PX maker S-Oil, on the other hand, nominated $1,540/tonne CFR Asia for its May ACP, according to its buyers.

Aromatics giant ExxonMobil, meanwhile, announced its May PX ACP nomination at $1,620/tonne CFR Asia, its customers said.

($1 = €0.77)

By: Yu Guo
+65 6780 4359

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