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SK Global withdraws from August PX contract negotiations

by ChemOrbis Editorial Team -
  • 31/07/2015 (16:28)
According to market sources, South Korea’s SK Global Chemical has dropped out of the August PX contract negotiations in Asia. The company’s last nomination for August was at $860/ton CFR, down $20/ton from its initial nomination for the month. The last major settlement for the Asian PX contract was concluded in May at $925/ton CFR.

In Asia, spot PX prices currently stand at around $830/ton FOB South Korea, down $20/ton from last week.
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