NewsFlashIdemitsu raises April PX contract price

18 March 2008 02:00  [Source: ICIS news]

SINGAPORE (ICIS news)--Japan’s Idemitsu Petrochemical has raised its Asian contract price for April paraxylene (PX) by $170/tonne (€109/tonne) to $1,340/tonne CFR (cost and freight) Asia due to higher crude and raw material costs, a company source said on Tuesday.

The hike was in line with increases by other producers. Both ExxonMobil and Nippon Oil had proposed a $160/tonne hike to $1,330/tonne for April. March settlements were at $1,170/tonne.

($1 = €0.64)

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Author: Peh Soo Hwee
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