News Code : 44156

Petrotahlil - Asia Contract Price (ACP)-linked paraxylene (PX) producers have submitted their offers for the April benchmark price.

Japan's JXTG Nippon and Energy, along with South Korea's SK Global Chemical and S-Oil, have submitted offers at $680/t cfr, Japan's Idemitsu Kosan made its offer at $630/t and ExxonMobil at $600/t.

Negotiations for the April ACP are due to be finalized today.

The March ACP failed to settle because of a wide bid-offer gap, with offers at $770-850/t against bids at $620-640/t.

There are six ACP-linked buyers comprising China's Yisheng and Shenghong, BP, Taiwan's Capco and OPTC and Japan's Mitsui Chemicals.

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