South Korea's HC Petrochem plans to further cut runs at its No 2 aromatics plant at Daesan to 70% from early next week, due to weak production margins for paraxylene, a company official said Thursday. "Operating at 70% capacity is the ...
Tags: Chemicals, HC Petrochem
The Asian toluene market led a price surge in most Asian aromatic products early Wednesday, driven by crude oil futures rising on geopolitical tensions in Syria. Front-month ICE Brent crude futures hit a six-month high Wednesday, with ...
The US-Asia isomer-grade mixed xylenes arbitrage has shut on paper after being open for about a month, hit by higher US prices overnight Tuesday, Platts data showed Wednesday. Asian isomer-MX CFR Taiwan was assessed at $1,297/mt Tuesday, ...
Tags: Chemicals
Asia could be looking at a shortfall of around 120,000 mt/month of isomer-grade mixed xylenes from late September through October due to refinery turnaround season in Japan and South Korea, a market source said Tuesday. "Supply in Asia is ...
Tags: mixed xylenes
The spot market for Asian isomer-grade mixed xylenes is likely to shrink to a third of its current size next year as a major spot seller diverts a large chunk of its product into making paraxylene, market sources said Thursday. "The ...
Tags: Chemicals, spot market
Asian isomer-grade mixed xylene traders are eying opportunities to make the reverse arbitrage movement from Northeast Asia to the US Gulf Coast given the recent widening of prices between both regions, traders said Wednesday. Several ...
Tags: Asian Isomer-MX, Arbitrage
After hitting an eight-month low on March 28, Asian isomer-grade mixed xylenes have seen a marked rebound as bargain hunters returned to the market and the downstream paraxylene sector showed signs of rising demand. From $1,119.50/mt FOB ...
Tags: Asian Isomer-Mx, Downstream
Blend values for toluene and mixed xylene have become a price floor as their derivative demand shrank in the spot market, sources said Sunday on the sidelines of the American Fuel and Petrochemical Manufacturers' annual conference. ...
European mixed xylene prices were under downward pressure from the sharp correction in Asian and US mixed xylenes prices. Market sources said European isomer-mixed xylenes were trading at $1,290/mt FOB ARA, down $10 from Platts' March 15 ...
The US Gulf Coast-Asia arbitrage for isomer-grade mixed xylenes on paper does not appear to be re-opening any time soon, as arbitrage economics continued narrowing, plunging to a five-month low Tuesday, Platts data showed. "The US-Asia ...
Tags: Asia arbitrage, Chemicals, USGC
Dragon Aromatics' startup of its 800,000 mt/year paraxylene plant in China's Fujian province may not proceed as planned in March due to regulatory scrutiny about changes to its feedstock mix, some market sources said Tuesday. China's ...
Asian aromatics hit all-time highs this week on shrinking supplies and rising feedstock costs. Toluene and styrene monomer spot prices set new records Wednesday, assessed at $1,388.50/mt FOB Korea and $1,674/mt FOB Korea respectively while ...
Tags: Asian Aromatics, Chemicals, Tight Supply, Speculation
The Asian isomer-mixed xylenes market reacted cautiously Wednesday following record highs seen in the US MX market overnight, with Asian prices moving up just 0.07% in early trading. The Asian isomer-MX market was pegged at $1,437/mt CFR ...
Tags: mixed xylene, xylene, isomer mixed, PX plant
The Asian mixed xylenes inventory in East China fell to 20,000 mt,a 44-month low Friday,Platts data showed. The inventory fell by 2,800 mt,or 12.3%,from a week earlier--the lowest level since March 15,2009,the data showed. The fall is ...
Tags: mixed xylenes inventory, Platts data, South Korea's Daesan port