Nominations for  the  the January paraxylene Asian Contract Price currently stand at $970-

$980/mt CFR, sources involved in the negotiations said Friday. 

ExxonMobil  has  nominated  its ACP at $970/mt CFR Asia, while Japan's JXTG Nippon has 

nominated its ACP at $980/mt, the sources said. 

Sources  at  negotiating parties said the ACP settlement date would likely be December 28

for the January contract, not December 29, even though ACP discussions typically end on 

the last working day of the month. 

"Given that it [December 29] is the last working day of the year, when many people are off, it 

just makes sense," said an ACP buyer in China. 

Negotiations  for  the  December ACP resulted in a major settlement at $910/mt, S&P Global 

Platts reported earlier. 

Taiwan's Oriental Petrochemical Taiwan Corp. settled with ExxonMobil, while South Korea's S

-Oil settled with China's Yisheng Petrochemical, company sources said. 

Prior  to  December,  September  was  the  last  contract   to result in a major settlement, at 

$820/mt, $10/mt higher than the August settlement. 

There  are  five  PX ACP sellers in Asia: Japan's  JXTG  Nippon Oil and Energy and Idemitsu 

Kosan, ExxonMobil, and South Korea's S-Oil and SK Global Chemical. 

Typically there have been seven ACP buyers: BP, Taiwan's Capco and Oriental Petrochemica

l (Taiwan) Corp.,  Japan's  Mitsui  Chemicals  and  Mitsubishi  Chemical, and China's Yisheng 

Petrochemical and Jiangsu Shenghong Chemical Fiber Co.