Indonesia's Pertamina sells PX at high single digit discount

14 February 2014 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--Indonesia’s Pertamina has sold via tender 20,000 tonnes/month of paraxylene (PX) at a high single digit discount for shipments from March to May, traders said on Friday.

The tender was heard to have been awarded at a discount of around $8/tonne, sold on an FOB (free on board) SE (southeast) Asia basis, and priced against 50% Asian Contract Price (ACP) and 50% spot average PX CFR (cost & freight) CMP (China Main Port) values, the traders said.

By: Samuel Wong

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