ExxonMobil, Idemitsu Kosan announce December PX contracts to Asia

According to market sources, US-based ExxonMobil and Japan’s Idemitsu Kosan announced their PX contracts for December to Asia.

ExxonMobil announced its new contract at $970/ton CFR while Idemitsu Kosan’s new nomination stands at $980/ton CFR.

Previously, SK Global Chemical (SKGC), S-Oil and Japan’s JX Nippon announced their PX contracts for December to Asia at $960/ton, $950/ton and $980/ton CFR, respectively.

There were no nominations and settlements made in in the last two months. The initial nominations for December, therefore, imply increases when compared to the major settlement of September at $820/ton.