Widening PX Spreads Bode Well for Local Refiners

SEOUL, March 8 (Korea Bizwire) – Widening paraxylene (PX) spreads stemming from firm demand and reduced supply are expected to help South Korean oil refineries rack up decent earnings this year following last year’s stellar performance, industry sources said Tuesday. According to the sources, PX spreads stood at US$414 per ton last month, hovering above the [...]