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January PX contract settles in US

by ChemOrbis Editorial Team -
  • 22/01/2015 (13:15)
January PX contracts have been settled in the US, according to market sources. The new settlement stands at 41 cents/lb ($904/ton), down 5 cents/lb ($110/ton) from December.

The new settlement was in line with players’ expectations, with sources citing weaker demand from Asia and softer energy costs as the main reason for the decrease.

In the US spot market, PX prices are currently being reported in the range of $720-730 on a FOB USG basis.
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