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China’s Sinopec settles May PX contracts

by ChemOrbis Editorial Team -
  • 12/05/2017 (14:40)
Market sources report that China’s Sinopec settled its May PX contracts at CNY6,900/ton, which corresponds to about $854/ton with the recent parity when excluding VAT.

The company’s new PX settlement implies a monthly decrease of CNY30/ton ($4/ton) from its April settlement.

Meanwhile, spot PX prices in Asia were last reported at around $785/ton FOB Korea, down $5/ton from a week earlier and down $55/ton from a month earlier.
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