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S. Korean producers cut November PX nomination

by ChemOrbis Editorial Team -
  • 31/10/2016 (17:42)
According to market sources, South Korean producers SK Global Chemical (SKGC) and S-Oil have revised down their November PX contract announcements. SK Global has cut its November PX nomination by $30/ton from its initial nominations to $830/ton while S-Oil has lowered by $40/ton its initial PX nomination for November to $820/ton CFR.

SKGC and S-Oil Corp had nominated their initial contracts at $860/ton CFR, both up $80/ton from their October settlements.

A major settlement for the Asian PX contract was reached at $780/ton CFR in October.
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