Players prepare for contract talks

Brice, Andy
May 2007
ICIS Chemical Business;5/28/2007, Vol. 2 Issue 68, p32
Trade Publication
The article discusses the preparations taken by chemical firms in response to fluctuations in energy costs in the global market. Major Asian paraxylene (PX) producers Nippon Oil and Idemitsu Petrochemical both nominated their prices at $1,290 per ton CFR Asia, up from Play's $1,165 per ton settlement. European toluene is reported in an $860-880 per ton range for June, with one deal heard at $870 per ton. The arbitrage window between Europe and the U.S. has opened, with some 25,000-26,000 tons heading west.


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