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:

ICIS pricing

ICIS pricing, http://www.icispricing.com, an independent pricing and market intelligence service from ICIS, provides chemical and oil markets with reports published daily, weekly or monthly on more than 120 products. The pricing information is gathered by teams of experienced reporters in London, Houston, Singapore and Shanghai to offer the most complete, authoritative and up-to-the minute independent market information available. For further information on ICIS pricing and ICIS, please visit http://www.icis.com.

Reed Business Information

ICIS is part of Reed Business Information, http://www.reedbusiness.co.uk/ , (RBI), a division of Reed Business and a member of Reed Elsevier plc (525), (UK:REL) (US:RUK) (NL:45443) the world's leading publisher and information provider. RBI publishes over 100 market leading publications, directories and online services, and organises many industry conferences and awards. The RBI portfolio includes Banker's Almanac, Computer Weekly, Farmers Weekly, Flight International, ICIS, Kellysearch, New Scientist, Personnel Today, Totaljobs and XpertHR. For a full listing visit http://www.reedbusiness.co.uk

    For further information please contact:

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

SOURCE ICIS Pricing