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Three PX producers cut their initial August PX offers in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/07/2015 (14:19)
According to market sources, three PX producers lowered their initial August PX nominations to Asia. South Korea’s SK Global Chemical decreased its PX nomination by $20/ton from its initial announcement to $860/ton CFR while Japan’s Idemitsu Kosan also cut its August nomination by $50/ton to $850/ton CFR. Idemitsu’s downwardly revised August announcement was reportedly the lowest nomination heard so far.

Meanwhile, ExxonMobil also revised down its August nomination by $30/ton to $870/ton from its initial announcement.
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