Paraxylene producers in Asia nominated July contract prices at the level of USD1,040-1,100 per tonne – Paraxylene producers Asia July contract prices - Arhive
Paraxylene producers in Asia nominated July contract prices at the level of USD1,040-1,100 per tonne – Paraxylene producers Asia July contract prices
MOSCOW – Three major Asian paraxylene producers announced their contract prices for material for July supplies at USD1,040-1,100 per tonne, ICIS sources told the market on Wednesday.
Thus, the Japanese JXTG Nippon Oil & Energy and South Korean S-Oil announced their July contract price of paraxylene at USD1,100 per tonne, CFR Asia, while South Korean SK Global Chemicals named its contract price at USD1,040 per tonne, CFR Asia
Earlier it was noted that the participants in the negotiation process to agree on the June contract prices of paraxylene in Asia could not reach an agreement. According to them, the last agreed levels of paraxylene prices for June deliveries were at the level of USD960-1,040 per tonne, CFR Asia.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the Price Review of ICIS-MRC , there are still no signs of a decline in spot prices on the Russian spot market of PET granules. On the other hand, spot prices have reached anomalously high values and the possibility of their further growth is unlikely. Formal buyers of PET order for July increased volumes of granules within their contracts.
mrcplast.ru
Author: Margarita Volkova
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