PX sellers nominate September contracts in Asia

http://www.petrotahlil.com/en/tiny/news-43332

Petrotahlil :Asian PX contracts for September have been nominated by all six sellers with drops when compared to the August nominations, market sources reported.

Japanese JXTG Nippon Oil & Energy and Idemitsu Kosan both nominated their contract prices at $900/ton CFR Asia. India’s Reliance Industries and South Korean producers SK Global Chemical and S-Oil’s nominations were at $880/ton while the US ExxonMobil’s nomination stood at $920/ton CFR Asia.

The last major settlement this year was in March at $1080/ton CFR Asia.

Spot PX prices were last reported at around $765/ton FOB Korea, down by $55/ton from the beginning of August.

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