China’s Shenghong bids for Jan PX contract for first time
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, Chinese PTA producer Jiangsu Shenghong Chemical Fiber participated in PX contract price negotiations for the first time. It was reported that the company bid for a January PX contract price of $820/ton, up $25/ton from the December settlement.
Previously, Japanese and South Korean sellers had nominated their January PX prices at $890-930/ton with increases of $95-110/ton. Today, final settlements were heard from ExxonMobil and S-Oil at $850/ton CFR Asia, with an increase of $55/ton from December.
Previously, Japanese and South Korean sellers had nominated their January PX prices at $890-930/ton with increases of $95-110/ton. Today, final settlements were heard from ExxonMobil and S-Oil at $850/ton CFR Asia, with an increase of $55/ton from December.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Oil plunge weighs on PET bottle sentiment in Asia, Europe
- ABS reverses losses after 8 weeks in Asia; will upturn be sustainable?
- Import delays support European PP suppliers in July
- Asian PET markets in limbo between high costs and tepid demand
- India PVC sentiment improves further despite lower Aug offers from Taiwan
- Asian ethylene, propylene prices remain bullish but caution lingers
- African PP, PE markets offer mixed bag for July
- European PVC suppliers seek hikes for 14th straight month in July
- Turkey’s PP markets rise around 10% in a month
- India PVC sees first hike attempts after weeks of declines
