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Japan’s Idemitsu announces August PX nomination

by ChemOrbis Editorial Team -
  • 26/07/2016 (15:43)
According to market sources, Japan’s Idemitsu Kosan nominated its August PX Asia Contract Price (ACP) with an increase of $50/ton from its July nomination at $850/ton.
Market sources reported that ExxonMobil, SK Global Chemical and JX Nippon Oil & Energy announced their August PX nominations at $850/ton CFR while S-Oil nominated its August PX contract at $840/ton CFR.

A major settlement for the Asian PX contract was reached at $800/ton CFR in July, the first major settlement seen since April. Sources previously reported that the April PX contract had settled at $795/ton.
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