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No major PX settlement agreed in Asia for July

by ChemOrbis Editorial Team -
  • 01/07/2015 (14:13)
Buyers and sellers have not agreed on any major PX settlements for July once again in Asia, according to market sources. Five producers had nominated contracts for July while three of them later downwardly revised their nominations. The last PX settlement in Asia was in May at $925/ton CFR.

South Korea’s S-Oil reportedly decreased its initial PX nomination by $50/ton to $940/ton CFR while Japan’s JX Nippon Oil & Energy cut its PX nomination for July by $50/ton to $930/ton CFR. South Korea’s SK Global Chemical also revised its initial nomination for down July by $20/ton to $920/ton CFR.
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