10 January 2014 10:04 [Source: ICIS news]
LONDON (ICIS)--An initial January European paraxylene (PX) contract has been agreed at €1,067/tonne, up €12/tonne from the previous month, one seller said on Friday.
While the initial agreement was heard by several players in the market, there has so far been no parties that have since followed the number.
One trader commented that it was seeing the European market starting to lengthen as January unfolded, amid weak downstream demand and limited freight availability for exporting material abroad.
The contract was agreed on a free delivered (FD) northwest Europe (NWE) basis.
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