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...- Vietnam PP, PE markets keep rising but some cautiousness remains
- Malaysia PP exports almost triple in February
- Spot ethylene markets rally on diminishing supply in Asia, Europe
- Will European PP markets change direction after 3 months?
- Turkish PP, PE players leaving market for holiday with firm post-Eid expectations
- June PVC hikes exceed expectations in Asia, sustainability under discussion
- Import PS, ABS markets recover amid upstream gains in Egypt
- PP, PE markets on a slight uptrend in Indonesia despite Ramadan lull
- European PE hovers around 11-year low, is reversal near?
- US PVC prices bounce on heels of eased stock pressure
