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Japanese, S Korean producers nominate April PX contracts

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/03/2015 (11:26)
According to market sources, Japanese and South Korean producers have started to nominate their PX contracts for April in Asia. South Korea’s S-Oil has announced their new contract at $920/ton CFR Asia, up $50/ton from March while South Korea’s SK Global Chemical nominated their April contract with an increase of $20/ton at $900/ton CFR.

No major settlement was reached in negotiations for the March PX contract. The most recent contract settlement was reported for February at $710/ton CFR.

Meanwhile, Japan’s JX Nippon Oil also nominated its April PX contract at $890/ton CFR, up $30/ton from March.
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