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China’s Shenghong bids for Jan PX contract for first time

by ChemOrbis Editorial Team -
  • 28/12/2016 (15:35)
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.
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