September contract price paraxylene Asia - Arhive

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The September contract price for paraxylene was agreed in Asia at USD1,340 per tonne

September contract price paraxylene Asia MOSCOW  – Paraxylene market players in Asia agreed on a contract price for material supplies in September at the level of USD1,340 per ton, which is USD280 per ton higher than the level of the previous month, ICIS reported.September contract price paraxylene Asia 

This contract price was approved on the terms of delivery of CFR Asia and is the second agreement for the period April-July, when market players could not reach agreement on contract prices for paraxylene.September contract price paraxylene Asia 

In particular, the agreement on the September contract price was reached between the South Korean SKGC and the Chinese Yisheng Petrochemical, as well as between South Korean S-Oil and the Chinese Shenghong Petrochemical.

The contract price of paraxylene is agreed upon after confirmation from at least two manufacturers and two consumers of the material, which is the minimum necessary configuration for the final negotiation of the contract price.September contract price paraxylene Asia 

Earlier it was noted that in August the contract price of paraxylene in Asia was approved at the level of USD1,060 per ton, which was the first agreement for the previous four months.September contract price paraxylene Asia 

Paraxylene is used as a raw material for the synthesis of terephthalic acid (TPA), a semi-product for the production of polyethylene terephthalate (PET).

According to the Price Review of ICIS-MRC , in Russia the price-based PET prices for contract customers will increase slightly in September by an average of 2 thousand rubles. per ton.September contract price paraxylene Asia 

mrcplast.ru

Author:                Margarita Volkova