Loading…
Insights

Paraxylene price goes down in Asia while regains in Europe

YarnsandFibers News Bureau 2015-08-26 08:36:47 –

Paraxylene prices have been on a downward slide ever since the crude oil prices started falling and more recently because of CNY devaluation. However, paraxylene prices moderated in the second week of August in Asian markets.

Upstream, isomer-grade mixed xylenes were also down on heavy selling interest. Meanwhile, Gulf Coast demand also slowed and there was no market altogether and tracked Asian falling paraxylene. Meanwhile, xylenes spot tracked gasoline recovery from early losses. Asia-US arbitrage remained unattractive while spot mixed xylene was up from a week ago. In Europe, paraxylene price gained on the week.

Asian paraxylene markers fell US$3 a ton FOB Korea and CFR Taiwan/China both on the week. In US, spot mixed xylene was up US cents 2 per gallon FOB USG from a week ago. In Europe, paraxylene price partially regained US$8.50 a ton FOB ARA on the week.

Courtesy: Weekly PriceWatch Report

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello