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Several producers cut their May PX contract prices to Asia

by ChemOrbis Editorial Team -
  • 30/04/2015 (13:54)
According to market sources, several producers reduced their May PX contract nominations to Asia. Japan’s JX Nippon Oil and Energy and South Korea’s S-Oil both lowered their May contracts by $60/ton to $950/ton CFR. Japan’s Idemitsu Kosan also cut its PX contract nomination to $950/ton, down $80/ton from its first announcement.

Meanwhile, ExxonMobil’s May contract nomination remains at $1020/ton CFR, up $160/ton from their April announcement while South Korea’s SK Global Chemical nominated their May contract with an increase of $50/ton at $950/ton CFR.
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