Japan's JX Nippon Oil and Energy nominated its paraxylene Asian Contract Price for August at $1,510/mt CFR, sources close to the negotiations said Friday.
This was $70/mt higher than its July ACP nomination at $1,440/mt CFR, Platts reported previously.
There are four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and JX Nippon Oil and Energy, and South Korea's S-Oil.
There are six ACP buyers: BP, Taiwan's Capco and Oriental Petrochemical (Taiwan) Corp., Japan's Mitsui Chemicals and Mitsubishi Chemical, and China's Yisheng Petrochemical.
There had been no July settlement heard as of yet. The last agreed ACP settlement was for January at $1,415/mt CFR.
