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China’s Sinopec settles May PX, nominates June contract

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/06/2015 (11:29)
According to market sources, China’s state owned company Sinopec has settled its May PX contract while also nominating its June contract price. The producer’s May settlement stands at CNY6950/ton ($975/ton without VAT), up CNY100/ton ($16/ton) from April.

The company nominated its June PX contract to the domestic market as well. The producer’s new nomination stands at CNY7000/ton ($984/ton without VAT), up CNY50/ton ($8/ton) from May.
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