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Paraxylene ACP prices zoom in April
03
Apr '09
In tune with rising petrochemical prices in the last few days, Paraxylene prices also have increased considerably. Asian Contract Prices (ACP) have mounted by nearly US $50 per ton in April when compared with March.

There have been a series of settlements of Paraxylene ACP at $880 per tonne by both Idemitsu and Nippon Oil with several of their major customers. This is a rise of $50 per tonne over the March ACP of $830 per tonne.

This spurt in prices reflects the current strong paraxylene market which is seeing spot prices in the range of $950-980 CFR China/Taiwan. PTA bids are currently being seen at $770 CFR China with no offers being made.

Fibre2fashion News Desk - India

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