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Three PX producers change Sept nominations to Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/09/2016 (15:01)
According to market sources, Japan’s JX Nippon Oil & Energy and South Korea’s S-OIL lowered their initial September PX nominations to $815/ton CFR, down $35/ton and $25/ton, respectively from their initial announcements. The new offers are still $40/ton above the August PX settlements which were reported at $775/ton CFR Asia.

Japan’s Idemitsu Kosan also cuts its initial contract announcement by $40/ton to $810/ton CFR. Previously, South Korea’s SK Global Chemical reported that it revised down its September PX contract by $30/ton to $820/ton with the same terms.
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