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June, July, August PX contracts settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/09/2015 (15:34)
According to market sources, June, July and August PX contracts have been settled in the US. The settlements were delayed due to disagreements between contract negotiators in the Asian PX market. The last major settlement for the Asian PX contract was concluded in May at $925/ton CFR.

The June PX contract was agreed at 53 cents/lb ($1168/ton), up 4 cents/lb ($88/ton) from May while July settlement was reported with a rollover from June. The August PX contract, meanwhile, was split at 46-46.75 cents/lb ($1014-1030/ton), a decrease of 6.25-7 cents/lb ($138-154/ton) from July.
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