Initial May Europe PX agreed at a rollover of €1,120/tonne

09 May 2013 10:32  [Source: ICIS news]

LONDON (ICIS)--An initial European May paraxylene (PX) contract has been agreed at €1,120/tonne ($1,474/tonne), a rollover from the previous month, one buyer said on Thursday.

“Not a lot has changed,” the buyer said. “The Asian spot market has also been relatively steady.”

The European contract was agreed on a free delivered (FD) northwest Europe (NWE) basis.

Further confirmation from other players is pending.

($1 = €0.76)

By: Truong Mellor
+44 208 652 3214

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