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Exxon settles October PX contract in Asia

by ChemOrbis Editorial Team -
  • 21/10/2015 (18:05)
According to market sources, ExxonMobil settled an October PX contract in Asia at $795/ton CFR with PTA producers including China’s Yisheng Petrochemical and Japan’s Mitsubishi Chemical. The last major PX settlement in Asia was in May at $925/ton CFR.

Buyers and sellers had failed to agree on a major PX settlement for October following the negotiations at the end of September, although nominations fell as low as $770-790/ton CFR from initial announcements of $800-850/ton.
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