Asian PX prices on Monday declined. Prices fell as the regional buying pulse floundered. Softer global energy rates, a decline in prices of Isomer MX and a slide in downstream PTA together weighed down bearishly on spot PX prices.
FOB Korea prices of PX were assessed down at the USD 1280/mt levels while CFR China prices were assessed down at the USD 1295/mt levels. Isomer MX prices meanwhile were assessed down at the USD 1020/mt FOB Korea levels while PTA prices were assessed down at the USD 1170/mt CFR China mark.
Meanwhile, ExxonMobil and Idemitsu Kosan are reported to have nominated their contract prices for PX for the month of December at USD 1350/mt CFR Asia levels. This price represented a hike of USD 130/mt from November and were at levels above those nominated by JX Nippon Oil and Energy at the USD 1320/mt CFR mark.
FOB Korea prices of PX were assessed down at the USD 1280/mt levels while CFR China prices were assessed down at the USD 1295/mt levels. Isomer MX prices meanwhile were assessed down at the USD 1020/mt FOB Korea levels while PTA prices were assessed down at the USD 1170/mt CFR China mark.
Meanwhile, ExxonMobil and Idemitsu Kosan are reported to have nominated their contract prices for PX for the month of December at USD 1350/mt CFR Asia levels. This price represented a hike of USD 130/mt from November and were at levels above those nominated by JX Nippon Oil and Energy at the USD 1320/mt CFR mark.
