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China’s Sinopec settles August PX contract

by ChemOrbis Editorial Team -
  • 27/08/2015 (11:27)
According to market sources, China’s Sinopec has settled its PX contract for August. The producer’s new settlement stands at CNY6140 ($820/ton without VAT), down CNY140/ton ($22/ton) from July.

In Asia, spot PX prices posted weekly decrease of about $55/ton from to be quoted at around $720/ton on an FOB South Korea basis.
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