+917718880355

Insights

Paraxylene price moves up after a recent fall

YarnsandFibers News Bureau 2017-04-19 11:51:36 –

Asian paraxylene prices were up US$32.33 a ton CFR Taiwan/China in the first week of April. Isomer-grade mixed xylene was dearer by US$18.50 a ton FOB Korea on the week.

Paraxylene prices were up on the week on firmer upstream but the dip at weekend capped the weekly rise. Isomer-grade mixed xylenes prices also rose while orthoxylene spot tumbled due to poor downstream demand amid thin trading indications.

In US, paraxylene spot continued to rise on support of firmer feedstock mixed xylene values and higher European pricing. Imports in March imports were double that of February, implying tight domestic supply. spot paraxylene gained US$30 a ton FOB USG on the week.

In Europe, paraxylene spot was up while xylenes market fundamentals were mixed despite volatile crude values. Meanwhile the premium over April EBOB swap hit a two-year low bringing fundamentals under substantial pressure ending the week on a mixed note. Spot paraxylene was up US$29 a ton while mixed xylene spot rose US$8.50 a ton CIF ARA 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