ExxonMobil includes Argus pricing in 2020 PX contract

ExxonMobil has changed the pricing basis for its 2020 term paraxylene (PX) contract to include Argus cfr Taiwan and China assessments.

The company has offered its term supplies for next year on a 50pc Argus, 50pc Icis basis. It previously priced most of its PX sales on a 100pc Platts basis. ExxonMobil declined to comment.

Further details of the company's 2020 tender are unavailable.

The company operates three PX units in Singapore with a combined nameplate production capacity of 1.75mn t/yr and one 500,000 t/yr unit in Sriracha, Thailand.

By Suzi Shin