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December PX contract settles in US

by ChemOrbis Editorial Team -
  • 23/12/2014 (12:16)
The December PX contract has been settled in the US, according to market sources. The new PX contract stands at 46 cents/lb ($1014/ton), down 6 cents/lb ($132/ton) from November. The drop was attributed to the bearish trend in Asian markets and slow domestic demand.

The decline in the December settlement came in line with market expectations, which called for 5 cents/lb ($110) decreases.
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