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October PX contract settles in Asia

by ChemOrbis Editorial Team -
  • 30/09/2016 (16:20)
Market sources reported that two Asian PX producers and two buyers reached a major settlement for the October contract. Accordingly, Japan’s Idemitsu Kosan and ExxonMobil settled their February contracts at $780/ton CFR with China’s Yisheng Petrochemical and BP. Buyers and sellers failed to agree on a settlement in September; the last major settlement for the Asian PX contract had been reached at $775/ton CFR in August.

In Asia, spot PX prices are currently reported at around $765-770/ton FOB Korea, up approximately $5-10/ton from a week earlier.
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