ExxonMobil, South Korea's S-Oil and Japan's Idemitsu Kosan nominated their November Asian Contract Prices at $940/mt, $920/mt and $920/mt CFR respectively Friday, which now puts nominations for the November ACP in a range of $910-$950/mt CFR, market sources said Friday.
South Korea's SK Global Chemical and Japan's JXTG Nippon Oil and Energy on Thursday nominated their ACPs at $910/mt and $950/mt CFR, respectively.
Negotiations for the October contract failed to result in a settlement. The September ACP negotiations resulted in a major settlement at $820/mt, $10/mt higher than the August settlement.
There are five PX ACP sellers in Asia -- Japanese companies JXTG Nippon Oil and Energy and Idemitsu Kosan, ExxonMobil, and South Korean companies S-Oil and SK Global Chemical.
Up to now there have been seven ACP buyers: BP, Taiwan's Capco and Oriental Petrochemical (Taiwan) Corp., Japanese companies Mitsui Chemicals and Mitsubishi Chemical, and China's Yisheng Petrochemical and Jiangsu Shenghong Chemical Fiber Co.
