Japan’s Idemitsu, JX nominate January PX contracts to Asia
by ChemOrbis Editorial Team - content@chemorbis.com
Market sources reported that Japan’s Idemitsu and JX Nippon Oil have nominated their January PX contract to Asia. Idemitsu announced its contract price at $790/ton CFR, steady from its latest December announcement. JX Nippon Oil and Energy’s January PX nomination, meanwhile, stands at $800/ton CFR, up $10/ton from its most recent December nomination.
A major settlement for the Asian PX contract was reached at $780/ton CFR in November, the first major settlement seen since May.
A major settlement for the Asian PX contract was reached at $780/ton CFR in November, the first major settlement seen since May.
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