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...- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
- Tight supply keeps expectations bullish in Turkey’s PVC market
- End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets
