+917718880355

Insights

Paraxylene prices surge across all regions

YarnsandFibers News Bureau 2016-03-09 06:57:13 –

Asian paraxylene prices gained US$9-10 a ton FOB Korea and CFR Taiwan/China in the last week of February. Isomer-grade mixed xylene was assessed at US$589.50 a ton FOB Korea and US$618.50 a ton CFR Taiwan.

Paraxylene prices in Asian markets rose early in the week only to give back some of the gains mid-week. However, they recovered weekend on bullish demand although May PTA futures in China fell amid Sinopec’s March contract price nomination. Isomer-grade mixed xylene prices were flat in thin trade while inventory in East China hit a 6-month high.

In US, paraxylene February contract was settled lower while spot was higher behind Asia gains. Demand is expected to strengthen in short-term. Meanwhile, mixed xylene spot prices moved higher on energy complex amid ample supply ample.

US spot paraxylene was up US$10 a ton FOB USG on the week. Mixed xylene rose US cents 6 a gallon FOB USG for March.

In Europe, spot paraxylene was up on the week assessed at Asian netback. Spot paraxylene prices were up US$9 a ton FOB Rotterdam while mixed spot prices rose US$40.50 a ton FOB 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