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China’s Sinopec settles April PX contracts

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/04/2017 (12:01)
Market sources report that China’s Sinopec settled its April PX contracts at CNY6,930/ton, which corresponds to about $860/ton with the recent parity when excluding VAT.

The company’s new PX settlement implies a monthly decrease of CNY420/ton ($61/ton) from its March settlement.

Meanwhile, spot PX prices in Asia were last reported at around $815/ton FOB Korea, stable from a week earlier and down $30/ton from a month earlier.
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