+917718880355

Insights

Paraxylene price jumps in Europe while down in Asia, US

YarnsandFibers News Bureau 2016-07-27 05:12:59 –

Asian paraxylene prices inched down US$1 a ton FOB Korea and CFR China in the second week of July. Mixed xylene August CFR Taiwan cargo was offered at US$682 a ton, without attracting any buying interest. Paraxylene prices in Asian markets slipped on the week with the restart of Singapore’s JAC facility which may achieve on-spec operation by end-July. Meanwhile, India’s Reliance Inds has planned phased start up of its 2.25 mln ton a year paraxylene production facility from October onwards.

In US, paraxylene contracts for July settled lower as spot remained range bound behind Asia amid thin liquidity. Spot paraxylene was down US$5 a ton FOB USG on the week.

In Europe, paraxylene and mixed xylene ended the week on a bullish note due to a shortage of material. Spot paraxylene gained amid weak sell interest. Paraxylene prices gained US$1.50 a ton while mixed xylene premiums were up US$14 a ton on the week.

Courtesy: Weekly PriceWatch Report

Please Login to comment

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