Paraxylene prices move in tandem with crude oil market

Paraxylene prices firmed up in the week ended 12 June but fluctuated week end on sluggish crude oil markets and weakening aromatics values. Asian markers, the FOB Korea and CFR Taiwan/China, rose US$22 on the week, but fell US$9 on 12 June.

In Europe paraxylene spot gained on firmer crude oil while June European contract price remained unchanged from May leaving spot prices at a 15 per cent discount. During the week, price gained US$22 a ton FOB ARA. June contract price rolled over at Euro880 a ton equating just under US$990 a ton.

Related Keywords: Paraxylene price in asia, Paraxylene price in Europe, Paraxylene price in USA, paraxylene prices

Px-naphtha spread at 2014 peak in Asia, European makers better off

Related Keywords: daily textile prices, naphtha price, Paraxylene price in asia, Paraxylene price in Europe, Paraxylene price in USA, polyester chip price, polyester fibre price, polyester filament price, PTA prices

Mumbai
Px-naphtha spread at 2014 peak in Asia
Summary: 
Asian contract price for paraxylene (Px) once again failed to reach a settlement for June, for the eighth time in the last 10 months. Meanwhile, spot prices have jumped US$145 during June, the second highest monthly gain in 24 months.

Asian contract price for paraxylene (Px) once again failed to reach a settlement for June, for the eighth time in the last 10 months. Meanwhile, spot prices have jumped US$145 during June, the second highest monthly gain in 24 months. In June prices surged throughout the month on active short covering for July. They are now at their 2014 peak.

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Paraxylene Naphtha spread back to mid 2010 levels

Related Keywords: daily textile prices, Paraxylene price in asia, Paraxylene price in Europe, Paraxylene price in USA, polyester chip price, polyester fibre price, polyester filament price, PTA prices

Mumbai
Paraxylene Naphtha
Summary: 
There has been no contract price settlement for paraxylene in Asian market since February this year and the spot is used to peg derivative PTA values. Japan's JX Nippon Oil and Energy although finished its negotiations for the May Asian Contract Price for paraxylene but could not reach a settlement.

There has been no contract price settlement for paraxylene in Asian market since February this year and the spot is used to peg derivative PTA values. Japan's JX Nippon Oil and Energy although finished its negotiations for the May Asian Contract Price for paraxylene but could not reach a settlement. Meanwhile spot paraxylene prices dropped US$70-75 a ton in March only to recover partially in April. In Europe too, May contract failed to settle while March and April saw spot numbers losing over US$80 a ton.

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