PX producers table offers for May ACP

Market: Petrochemicals
26/04/19

Asia Contract Price (ACP)-linked paraxylene (PX) producers are tabling offers for the May benchmark.

Japan's Idemitsu Kosan, JXTG Nippon Oil & Energy and South Korean producer S-oil offered their May PX ACP at $1,100/t cfr. SK Global Chemical and ExxonMobil each offered at $1,120/t cfr and $1,140/t cfr, respectively.

The April PX ACP failed to settle because of a wide bid-offer gap.

ExxonMobil offered the lowest at $1,050/t cfr, while bids remained at $960-980/t cfr.

The May PX ACP is due to be settled today, brought forward from the last business day of April because of Japan's Golden Week holiday.

India's Reliance Industries is separately offering its May contract price at $1,110/t cfr.

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PX producers table offers for May ACP

Related news posts

IG4 moves closer to Braskem control

IG4 moves closer to Braskem control

Japan’s Mitsui Chemicals to raise S Korea MDI output

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Commodity rail shippers push for more train data

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