South Korea's S-Oil has renominated its June paraxylene Asia Contract Price at $840/mt CFR, a company source said on Wednesday.
Earlier on Wednesday, South Korea's SK Global Chemical had renominated its ACP at $840/mt CFR, $60/mt lower than its initial offer.
ExxonMobil's nomination stands at $890/mt CFR, while Japan's JXTG Nippon Oil & Energy and Idemitsu Kosan nominated at $890/mt and $915/mt CFR, respectively.
The May ACP negotiations ended without a settlement, the first time this year, after settling each month from January to April 2017.
Discussions for the April ACP resulted in a major settlement at $835/mt.
