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Paraxylene price moderates in Asian market

YarnsandFibers News Bureau 2015-11-04 12:43:31 –

Asian paraxylene marker, the FOB Korea was assessed down US$3 a ton FOB Korea in the fourth week of October while CFR Taiwan/China inched up US cent 0.50 a ton.

In the isomer-xylene market, supply was short but demand amid mute demand.

Paraxylene prices moved in a narrow range in Asian market as South Korean numbers fell while numbers were more firm in China and Taiwan.

Producers were discussions to try out a new way of contract price settlement.

In Europe, there was little demand for paraxylene on the spot market as it entered a seasonally weak demand period. Paraxylene spot prices moderated US$1 a ton.

Spot prices in Europe inched down a bit on the week. Spot market in the ARA region was priced at netback to Asia amid weakening demand.

Limited export opportunities to US also narrow arbitrage and weakened demand.

In US, paraxylene markets entered its slow season and there was no indication on the reason for the delayed settlement.

Spot mixed xylenes was assessed higher at US$2.04-2.15 a gallon FOB on bids and offers.

Courtesy: Weekly PriceWatch Report

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