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Jan PX contracts start to settle in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/12/2016 (15:30)
Market sources reported that two Asian PX producers reached a major settlement for the January contract. Accordingly, ExxonMobil and S-Oil settled their January PX contracts at $850/ton CFR. This is up $55/ton from the December contract that was settled at $795/ton.

S-Oil had nominated its contract price at $860/ton CFR after a downward revision of $30/ton from its initial announcement for a $95/ton increase. The producer’s contract settlement implies a $10/ton decrease from its revised nomination level.
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