Asia PX producers make offers for December ACP

Market: Petrochemicals
28/11/19

Asia Contract Price (ACP) linked paraxylene (PX) producers have tabled their offers for the December benchmark price.

South Korea's SK Global Chemical and S-Oil submitted offers at $880/t cfr, while Japan's JXTG Nippon & Energy offered at $900/t cfr. Japanese firm Idemitsu Kosan and ExxonMobil each offered at $920/t cfr.

Negotiations for the December ACP are due to be finalised tomorrow.

There were no major settlements for the ACP in October and November, after the September PX ACP settled at $780/t cfr. Earlier this year, there were major settlements in February and March at $1,050/t cfr and $1,080/t cfr respectively.

By Suzi Shin

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Asia PX producers make offers for December ACP

Related news posts

IG4 moves closer to Braskem control

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