News Code : 44943

 

Petrotahlil — ExxonMobil has nominated its August paraxylene Asia contract price at $690/mt CFR Asia, unchanged from its July nomination, market participants said July 29.

Separately, Japan's ENEOS Corp. has nominated its August paraxylene Asia contract price at $650/mt CFR Asia, industry sources said.

Earlier, South Korea's SK Global Chemical and India's Reliance nominated its August PX ACP at $640/mt CFR Asia, S&P Global Platts reported.

Discussions for the July PX ACP ended without a major settlement, while the last major settlement was on August 30, 2019 for the September 2019 contract at $780/mt CFR Asia.

There are six PX ACP sellers in Asia: Japan's ENEOS Corp. and Idemitsu Kosan, South Korea's S-Oil and SK Global Chemical, ExxonMobil, and India's Reliance.

Typically, there have been seven ACP buyers: BP, Taiwan's Capco and Oriental Petrochemical (Taiwan) Corp., Japan's Mitsui Chemicals and Mitsubishi Chemical, and China's Yisheng Petrochemical and Jiangsu Shenghong Chemical Fiber Co.

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Source : Platts

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