Two Asian producers announce July PX contract
According to market sources, Japan’s Idemitsu and South Korea’s SK Global Chemical nominated their July PX contracts at $850/ton CFR, up $60/ton from their June nominations.
Previously, Japan’s JX Nippon Oil & Energy announced its July PX contract with an increase of $70/ton from its June nomination at $850/ton CFR.
In Asia, spot PX prices are currently reported at around $795-800/ton FOB Korea, up $10-15/ton from a week earlier.