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Initial February PX contract settles in Europe

by ChemOrbis Editorial Team -
  • 03/02/2015 (16:11)
According to market sources, an initial February PX contract has been settled in Europe. The new settlement stands at €680/ton ($778/ton), a rollover from January.

Market sources commented that some buyers reportedly complained that the contract level is too high to accept and that they will try to negotiate more attractive settlements with their suppliers.

In Europe, spot paraxylene prices have declined around $40/ton week over week to be currently quoted at around $665/ton on an FOB ARA basis.
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