Paraxylene price slumps across all regions

YarnsandFibers News Bureau 2015-11-25 07:30:45 –

Asian paraxylene markers fell US$19 a ton FOB Korea and CFR Taiwan/China in the second week of November.

Paraxylene prices declined in Asian market weekend and on the week amid both weaker upstream and downstream.

Isomer-mixed xylene was flat amid thin trading as December ICE Brent crude futures were lower over the same period.

In Europe, both paraxylene and orthoxylene prices fell on week, tracking drop in Asia while mixed xylene also declined amid steady PTA.

Paraxylene spot in Europe declined US$19 a ton while mixed xylene dropped US$44.50 on week.

The mixed xylene premium over the November Eurobob gasoline swap was assessed at US$100 a ton, down US$5 from last week.

In US, paraxylene spot declined with slow demand and gasoline - RBOB posting sharp declines.

The US-Asia arbitrage was open amid lower price movement in Asia and weak demand.

Spot paraxylene fell US$25 a ton FOB USG on the week while spot mixed xylene spiraled US cents 18 a gallon FOB USG for November and December.

Courtesy: Weekly PriceWatch Report

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