SKGC and JXTG announced the May price of paraxylene at USD1,040-1,050 per tonne – JXTG Nippon Oil & Energy (part of Nippon Oil Corporation), a major petrochemical producer in Japan, and SK Global Chemical (SKGC), one of the largest petrochemical producers in South Korea, announced the May contract the price of paraxylene for supplies to Asia at the level of USD1 040-1 050 per ton – SKGC JXTG May price paraxylene - Arhive
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SKGC and JXTG announced the May price of paraxylene at USD1,040-1,050 per tonne
MOSCOW – JXTG Nippon Oil & Energy (part of Nippon Oil Corporation), a major petrochemical producer in Japan, and SK Global Chemical (SKGC), one of the largest petrochemical producers in South Korea, announced the May contract the price of paraxylene for supplies to Asia at the level of USD1 040-1 050 per ton, ICIS reported to market participa
Thus, SK Global Chemical (SKGC) announced the price of the paraxylene price for May at USD1,040 per tonne, CFR Asia, while JXTG Nippon Oil & Energy is USD1,050 per tonne, CFR Asia.
Paraxylene is used as a raw material for the synthesis of TPA – a semi-product for the production of polyethylene terephthalate (PET).
According to the Price Review of ICIS-MRC , the ruble’s exchange rate against the dollar and the euro and rising PET prices in China continue to put pressure on the cost of the material in the European market. Prices for Russian granules grow very fast. In the market, the deficit of PET is increasing. So, last week SIBUR raised the indicative value of its material at the Sibur-PET and Polyef plants from 95 thousand rubles. per ton up to 100 thousand rubles. per ton, FCA plant, including VAT.
Nippon Oil Corporation is Japan’s largest oil company. Its activities include exploration, import and processing of crude oil; production and sale of petroleum products (ethylene, propylene, butadiene, styrene, paraxylene, orthoxylene, etc.), including fuels and lubricants. In recent years, the company has expanded its production facilities in other countries. Its products are sold under the brand name ENEOS.
SK Global Chemical is a division of SK Group, the first Korean oil refinery that has been operating for more than 50 years. SK Group has more than 70 thousand employees who work in 113 offices around the world. Its largest enterprises produce mainly petrochemical products.
mrcplast.ru
Author: Anna Larionova
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