U.S. PX November contract price settled down by US$132/tonne to US$1,630.96/tonne Nov. 2 on the back of declines in Asian, European contracts; PX was offered on the spot market at US$1,410/tonne FOB USG
November 2, 2011
– The November contract price for U.S. paraxylene decreased by US$132 per tonne to settle at US$1,630.96/tonne, Platts reported Nov. 2, citing a PET maker.
According to the article, the drop followed Asian and European contracts down. Those contracts saw declines of $120/tonne in Asia from the partial settlement last month and $123/tonne in Europe from last month's most recent settlement.
Producers have not confirmed the November CP.
U.S. spot market offers for November PX were heard at $1,410/tonne free on board U.S. Gulf USG on Nov. 2, but there were no bids, Platts noted.
The primary source of this article is Platts, New York, on Nov. 2, 2011.