Initial Europe July PX contract settles at €1,100/tonne

04 July 2013 11:07  [Source: ICIS news]

LONDON (ICIS)--An initial European July paraxylene (PX) contract price has been settled at €1,100/tonne ($1,428/tonne), up by €8/tonne from the previous month, one buyer said on Thursday.

Players had expected a rollover from June.

Two major Asian PX producers settled their July Asian Contract (ACP) at $1,410/tonne CFR (cost and freight) Asia, up by $10/tonne from the previous month’s settlement.

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

Further confirmation from other players is pending.

($1 = €0.77)

By: Helena Strathearn
+44 208 652 3214

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