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Second September PX contract settles in Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 13/09/2017 (12:32)
Market sources reported that a second September PX contract settled in Europe at €740/ton FD NWE ($886/ton), up €10/ton ($12/ton) from an initial September contract and €20/ton ($24/ton) from the August settlement.

Last week, an initial September PX contract settled at €730/ton FD NWE ($874/ton). Following the settlement, a PET player had predicted that the final PX contracts will come with further increases.

However, spot PX prices fell by $30-35/ton on the week to around $765/ton FOB NWE on a lack of PTA demand stemming from offline PET capacities.
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