ICIS Pricing Launches the Spot PX Trades Premium/Discount Assessment in its Xylenes Reports

SINGAPORE, April 21, 2011 /PRNewswire/ -- ICIS pricing, the leading price reporting service for the global chemical industry, has launched the premium/discount assessment for spot PX trades executed on the 50% Asia Contract Price + 50% spot average of published CFR Taiwan/ China Main Port prices.

The first-of-its-kind assessment will enhance transparency for this formula that has grown increasingly popular among market players recently due to high levels of volatility.

It will also provide a more complete as well as comprehensive view of new and emerging trade dynamics in the Asian spot PX market. The new quote will provide a reliable and up-to-date price marker for buyers, traders as well as makers.

The assessment is available in ICIS daily Xylenes report and weekly Para/Ortho Xylenes (APAC) report

Request a sample copy of the ICIS Xylenes report from ICIS pricing at http://tinyurl.com/ICISPXPR0411 or by emailing csc@icis.com.

Notes to Editors:

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    For further information please contact:

    Melvin Tang
    ICIS pricing
    tel: +65-6780-4352
    email: Melvin.tang@icis.com