April PX ACP fails to settle
Negotiations for the April paraxylene (PX) Asia Contract Price (ACP) have failed to settle because of a wide bid-offer gap amid the current volatile market situation.
Offers from the ACP-linked sellers remained at their initial levels. Japan's JXTG Nippon and Energy, along with South Korea's SK Global Chemical and S-Oil, submitted offers at $680/t cfr, Japan's Idemitsu Kosan made its offer at $630/t with ExxonMobil at $600/t.
Bids for the April PX ACP were at $370-380/t, which stood until negotiations ended.
This marks the seventh straight month that negotiations for the benchmark price have failed.
By Suzi Shin
source: Argus Media
Top News
Seventeen Days ago
Vale to raise Carajas iron ore output with $12 billion investment
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Agnico Eagle threatens to oust Barrick from No. 2 gold ranking
Ukraine rejects US bid for 50% of rare earth minerals, FT says
Australia’s iron ore export hub to reopen after cyclone weakens
World Copper sells Zonia project for $18M
Glencore weighs ditching London as primary listing
Iron ore price slides as cyclone-led supply fears ease in Australia
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing
Northisle doubles value of British Columbia copper-gold project with new PEA
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Ex-Glencore, Lundin execs launch Moranda Metals
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing
Northisle doubles value of British Columbia copper-gold project with new PEA
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats