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Paraxylene price moves up in Asia, US

YarnsandFibers News Bureau 2016-05-11 04:39:58 –

Asian paraxylene prices gained US$16 a ton FOB Korea and CFR Taiwan/China in the last week of April.

Paraxylene spot in Asia rose on the week while May contract price failed to settle as negotiations ended in a narrow range.

Meanwhile, FCFC will restart its Ningbo PTA plant, which can spur demand for paraxylene in coming weeks.

In US, spot paraxylene market tracked higher Asian movement while interest to export to Asia remained open amid settlement of April contract prices. Spot rose US$15 a ton FOB USG on the week.

In Europe, paraxylene and orthoxylene prices rose while downstream PTA contract were stable on the week. Mixed xylenes were lower in line with toluene. Spot paraxylene gained US$4 a ton during the week.

Courtesy: Weekly PriceWatch Report

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