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May PX contracts nominated in Asia

by ChemOrbis Editorial Team -
  • 26/04/2016 (11:40)
Market sources report that Asian PX producers have begun to nominate their May PX contracts to the region. Accordingly, Japan’s Idemitsu Kosan and JX Nippon Oil & Energy announced their PX new contracts at $860/ton CFR Asia, up $65/ton from the April settlement of $795/ton while ExxonMobil and South Korea’s SK Global Chemical nominated their new contract to Asia at $850/ton CFR, up $55/ton from April.

Meanwhile, another South Korean producer, S-Oil announced its May PX contract at $855/ton, up $60/ton from April.

In Asia, spot PX prices are now reported at around $795/ton FOB Korea, up $35-40/ton on the week.
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