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ExxonMobil, Yisheng settle January PX contracts in Asia

by ChemOrbis Editorial Team -
  • 05/01/2016 (15:14)
According to market sources, ExxonMobil and China’s Yisheng Petrochemical settled their January PX contracts at $750/ton CFR. Earlier, ExxonMobil had announced its January PX contract to Asia at $750/ton CFR, down $50/ton from its first nomination. Japan’s JX Nippon Oil and Energy, meanwhile, lowered its nomination by $40/ton to $760/ton before withdrawing from the contract negotiations.

Meanwhile, South Korea’s SK Global Chemical revised its January PX contract down $20/ton from its initial nomination to $770/ton CFR.

The last major settlement for the Asian PX contract was reached at $780/ton CFR in November.
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