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Second August PX contract settles lower in Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/08/2016 (16:44)
According to market sources, a second August PX contract was settled with a different level in Europe. The new settlement was agreed with a decrease of €15/ton at €730/ton ($826/ton) FD NWE from the initial settlement which was concurred at €745/ton with the same terms. The July PX contracts had been settled at €755/ton FD NWE.

In Europe, spot PX prices are currently quoted at around $720-725/ton FOB ARA, up $30-35/ton from the initial August levels
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