New initial Europe April PX contract agreed at a rollover

24 April 2014 16:00 Source:ICIS News

LONDON (ICIS)--An initial European paraxylene (PX) contract for April has been agreed at €900/tonne FD (free delivered) NWE (northwest Europe), a rollover from the previous month, sources said on Thursday.

The settlement was confirmed by one producer and one consumer. Further confirmation from other players is pending.

An initial settlement of €925/tonne had been reported on 14 April, but this was not confirmed or followed by others in the market.

By Rhian O'Connor