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February PX contracts nominated in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/01/2015 (13:08)
According to market sources, several producers have nominated their PX contracts to Asia for February. The new nominations are ranging between $810-840/ton CFR, down $20-50/ton from January. No major settlement was reached in negotiations for January PX contract. Only two major PX settlements were agreed in Asia for 2014, with the most recent contract settlement being reported for October.

Japan’s JX Nippon Oil and Energy and Japan’s Idemitsu Kosan both nominated their February PX contracts at $820/ton CFR Asia, down $20/ton and $60/ton from January, respectively. South Korea’s SK Global Chemical and South Korea’s S-Oil nominated their February PX contracts with $50/ton decreases at $840/ton and $830/ton CFR, respectively.

Meanwhile, ExxonMobil also announced its PX contract for February with a decrease of $25/ton at $810/ton CFR.
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