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Feb PX contracts start to settle in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/01/2017 (11:17)
Market sources reported that two Asian PX producers reached a major settlement for the February contract. Accordingly, two Japanese producers, Idemitsu Kosan and JX Nippon, settled their February PX contracts at $900/ton CFR. This is up $50/ton from the January contract.

JX Nippon had nominated its contract price at $960/ton CFR. The producer’s contract settlement implies a $60/ton decrease from its nomination level.
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