The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian ...
Tags: MX Firms
The CFR Taiwan/China paraxylene price benchmark fell $8.50/mt from Friday to be pegged at $1,511.50/mt early Monday, after negotiators reached no settlement for September Asian Contract Prices, market sources said. Market sources said ...
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 August US paraxylene contract price settled at 73.5 cents/lb ($1,620.38/mt), an increase of 2.5 cents from July's contract price, sources said Tuesday. The settlement is in line with most market expectations for an increase, because ...
Tags: paraxylene, spot PX
Spanish water company Cadagua has selected PX® technology from Energy Recovery Inc. to retrofit its Valdelentisco Desalination Plant. Located in Valdelentisco, Murcia, in southeastern Spain, the plant has a potable and irrigation ...
Hyundai Cosmo (HC) Petrochemical Ltd. is operating its Daesan, South Korea-based No.2 aromatics plant at reduced rate. “The No. 2 aromatics plant is running at 80 percent operating rates due to lower Mixed Xylene (MX) – ...
Tags: Petrochemical, Aromatics Plant
The production of paraxylene, a key raw material needed for production of polyester fabrics, is getting stagnated in China, as new projects are getting derailed, which may affect the textile companies that use PX as a raw material. ...
Tags: Chinese Textile Firms, paraxylene
July contract prices for US polyethylene terephthalate are likely to fall, a producer sources said Wednesday, predicting that lower feedstock prices could lead to a 1 cent/lb drop from June levels. US PET June contracts were assessed at ...
Tags: pet, Pet Contract, polyethylene terephthalate, Chemicals
Spanish water company ACCIONA Agua is to use Energy Recovery Inc's PX technology for the Minera CAP expansion desalination project in Chile's Atacama Region. Earlier this year, Compañía Minera del Pacífico (CAP Group) ...
Tags: Processing Machinery
July contract prices for US polyethylene terephthalate are likely to fall, a producer sources said Wednesday, predicting that lower feedstock prices could lead to a 1 cent/lb drop from June levels. US PET June contracts were assessed at ...
Tags: Feedstocks, Pet Contract Prices
The July US paraxylene contract price settled at 71 cents/lb ($1,565.27/mt), one cent lower from June's contract price, sources said Tuesday. The settlement is in line with market expectations of a 1-2 cents decline because of a weak spot ...
Tags: Paraxylene CP, Chemicals
Negotiations for the July Asian Contract Price for paraxylene have drawn buyers to make a counterbid of $1,300/mt CFR on Wednesday, almost $200/mt lower than sellers' nominations, sources close to the negotiations said. There are four ACP ...
Tags: oil, Metallurgy, Mineral, Energy, Polyester
Nearly 80 percent of the investment in desalination this year will be for membrane treatment as opposed to thermal. The $8 billion which will be spent on membrane systems represents a large market for suppliers of valves, pumps and ...
The average production margin for Asian purified terephthalic acid in May rose to minus $48.89/mt, the highest level seen since July 2012, amid firm PTA demand for polyester, Platts data showed. In April, the average stood at minus ...
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