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Three PX producers cut July nominations to Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/06/2016 (11:37)
According to market sources, Japan’s JX Nippon Oil & Energy, Idemitsu and South Korea’s SK Global Chemical cut their July PX nominations to Asia. Both JX Nippon and Idemitsu lowered their initial contract announcements by $20/ton to $830/ton CFR. SK Global, meanwhile, lowered its initial nomination by $30/ton to $820/ton with the same terms.

In Asia, no major PX settlement was reached in May and June. In April, the last major settlement was agreed at $795/ton CFR.
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