Date: 29 November 2019 , 17:13
News ID: 7614
NEWS SERVICE: ENERGY

December PX ACP fails to settle

Negotiations for the December paraxylene (PX) Asia Contract Price (ACP) have fallen apart, marking the ninth time the benchmark has failed to settle this year.
December PX ACP fails to settle

The revised offer was at $850/t from JXTG Nippon Oil & Energy, down by $50/t from the initial offer at $900/t cfr. All other sellers failed to change their offers from initial prices at $880/t from SK Global Chemical and S-Oil and $920/t from Idemitsu Kosan and ExxonMobil. Bids for the December PX ACP were at $700-730/t cfr.

There were no major settlements for the ACP in October and November, after the September PX ACP settled at $780/t cfr. There were major settlements in February and March at $1,050/t cfr and $1,080/t cfr respectively.

source: Argus Media
PX paraxylene Benchmark ACP JXTG
Top News
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Twelve Days ago
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Six last month
"Sustainability and innovation in production and development, excellence in culture", the orientation of Mobarakeh Steel Co. to realize the motto of 2024
Six last month
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Five last month
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
Five last month
The President visited the Sungun Copper Complex
The President visited the Sungun Copper Complex
Two last year
Most Like