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Third May PX contract settles in Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/05/2017 (09:39)
Market sources reported that a third May PX contract settled in Europe at €785/ton FD NWE ($883/ton).

Early this month, an initial PX settlement was agreed at €825/ton ($928/ton) FD NWE, down €25/ton ($28/ton) from the initial April settlement, up €10/ton ($11/ton) from the second April settlement. Later on, a second May PX contract settled at €785/ton FD NWE ($883/ton), down €30-65/ton ($34-73/ton) from April’s split settlement.

In the meantime, spot PX prices were last reported at $745/ton FOB NWE in Europe, up $25/ton from a week earlier and up $10/ton from early May.
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