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China’s Sinopec settles June PX contracts

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/06/2017 (11:20)
Market sources report that China’s Sinopec settled its June PX contracts at CNY6,450/ton, which corresponds to about $806/ton with the recent parity when excluding VAT.

The company’s new PX settlement implies a monthly decrease of CNY390/ton ($57/ton) from its May settlement.
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