Asia Contract Price (ACP) linked paraxylene (PX) producers have tabled their offers for the December benchmark price.
South Korea's SK Global Chemical and S-Oil submitted offers at $880/t cfr, while Japan's JXTG Nippon & Energy offered at $900/t cfr. Japanese firm Idemitsu Kosan and ExxonMobil each offered at $920/t cfr.
Negotiations for the December ACP are due to be finalised tomorrow.
There were no major settlements for the ACP in October and November, after the September PX ACP settled at $780/t cfr. Earlier this year, there were major settlements in February and March at $1,050/t cfr and $1,080/t cfr respectively.
By Suzi Shin
