Correction: In the ICIS story headlined “Japan's JX Nippon settles January benzene ACP $62/tonne higher” dated 3 December 2013, please read in the headline December instead of January. Similarly, in the first, second and third para please read ….December… instead of …January…. A correction story follows.
SINGAPORE (ICIS)--Japan's JX Nippon Oil & Energy Corp has settled its December Asia Contract Price (ACP) for benzene at a higher price compared with its November settlement on the back of sharp gains in spot values of the aromatics product, market players said on Tuesday.
The company's December ACP settlement was $1,320/tonne CFR (cost and freight) Asia, lower than its nomination of $1,360/tonne CFR Asia, a company source said.
“The higher December settlement was within expectation amid the recent uptrend in prices,” a buyer said.