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Producers nominate June PX contracts to Asia

by ChemOrbis Editorial Team -
  • 26/05/2016 (11:36)
Market sources report that Japan’s Idemitsu, South Korea’s SK Global Chemical and Japan’s JX Nippon Oil & Energy have nominated their June PX contracts to Asia. Accordingly, JX Nippon Oil & Energy and Idemitsu announced their new PX contracts with an increase of $20/ton from their May nominations at $840/ton and $820/ton CFR, respectively.

SK Global Chemical, meanwhile, nominated its June PX contract with a smaller increase of $10/ton from its latest May nomination at $820/ton CFR.

In Asia, spot PX prices are now reported at around $760/ton FOB Korea, down approximately $20/ton from a week earlier.
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