Asia PX producers nominate July ACP at $1,500-1,550/tonne

21 June 2013 12:11  [Source: ICIS news]

SINGAPORE (ICIS)--Three major paraxylene (PX) producers in Asia have nominated their July Asian Contract Price (ACP) at $1,500-1,550/tonne, $30-40/tonne above the June ACP nomination, industry sources said on Friday.

On 20 June, Japan’s Idemitsu Kosan nominated its July ACP at $1,550/tonne CFR Asia, according to its buyers.

Both JX Nippon Oil and Energy and ExxonMobil nominated theirs at $1,500/tonne CFR Asia, market sources added.

At the time of writing, South Korea’s S-Oil has not nominated for its July PX ACP.

The June PX ACP was settled at $1,400/tonne CFR Asia.

By: Samuel Wong

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