Asia Contract Price (ACP)-linked paraxylene (PX) producers have tabled their offers for the September benchmark price.
ExxonMobil and JXTG Nippon Oil & Energy submitted its respective offer at $920/t cfr and $900/t cfr, while SK Global Chemical and S-Oil's proposals were at $880/t. Idemitsu Kosan have yet to place their offers. Negotiations for the September ACP are due to be finalised tomorrow.
Negotiations for the PX ACP have failed from April to August. It has settled two times this year in February at $1,050/t and March at $1,080/t.
