Asian paraxylene markers gained US$17 a ton both FOB Korea and CFR Taiwan/China in the first week of September after remained flat in the previous week. Feedstock isomer-grade mixed xylenes rose US$21.50 a ton FOB Korea while orthoxylene prices were assessed up US$10 a ton CFR China and FOB Korea.
Paraxylene prices climbed in Asian markets on the week amid thin market but rising feedstock cost. Isomer-grade mixed xylenes were dearer week on week despite inventory levels rising in East China.
In US, spot paraxylene was assessed up for the week tracking Asian levels moving higher. Xylenes spot was higher despite lower gasoline as tight supply sustained pricing. US spot paraxylene was assessed up US$20 a ton FOB USG for the week.
In Europe, paraxylene markets contracted with prices falling on the week, particularly weekend, dropping to the lowest levels since April. Paraxylene price dropped US$36.50 a ton FOB ARA.
Courtesy: Weekly PriceWatch Report
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