China's Sinopec settles Apr paraxylene CP at Yuan 6,200/mt, up Yuan 105/mt from Mar

Chemical News: China's Sinopec settles Apr paraxylene CP at Yuan 6,200/mt, up Yuan 105/mt from Mar

http://www.chemnet.com Apr 25,2016 Platts
State-owned China Petroleum and Chemical Corporation, or Sinopec, settled its April contract price for paraxylene at Yuan 6,200/mt Friday, up Yuan 105/mt from its March settlement, market sources said.

Based on an exchange rate of 6.4803, the April CP settlement is equivalent to about $801.70/mt on an import parity basis.

April was initially nominated at Yuan 6,300/mt.

Platts last assessed PX at $817.33/mt CFR Taiwan/China Thursday, up $22/mt day on day.
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