Weak demand saw China's imports of toluene plunged to a near six-year low in August, with market sources expecting the bearish sentiment to prolong for the foreseeable future. China's toluene imports in August fell 73% from the previous ...
Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...
Tags: paraxylene, oil
The spread between Asian paraxylene and benzene fell to its lowest in more than nine years on Thursday, where it was assessed at minus $104/mt, down $0.50/mt from the the day before, Platts data showed. The last time the spread was lower ...
Tags: Paraxylene, Benzene
South Korea's November exports of isomer-grade mixed xylenes fell 14% from October to 27,372 mt due to a turnaround and lower shipments to key market China, data released Monday by the Korea Customs Service showed. South Korea exported ...
Tags: Petrochemical, Energy
The Asian paraxylene/naphtha spread slumped to 28-month low of $440.38/mt on Friday, down $14.62/mt from the previous day, with the regional PX market hit by rising supplies. The CFR Taiwan/China PX price benchmark inched down $0.50/mt ...
Tags: PX Supplies, PX-Naphtha
Annual paraxylene term negotiations for 2014 have gotten off to a slow start in Asia, and talks are expected to be protracted, as the supply/demand fundamentals are expected to change significantly halfway through next year, sources ...
Tags: paraxylene term, Chemicals
The spread in Asia between paraxylene and feedstock isomer-grade mixed xylene hit a three-year low of $160/mt Wednesday, amid an open arbitrage into Asia for PX but tight regional supplies for isomer-MX. On Wednesday, Platts assessed the ...
Tags: Paraxylene, Chemicals
Dragon Aromatics is likely to start commercial production at its No.2 Paraxylene (PX) plant by the end of this month. “We have achieved on-spec production at No.2 PX plant earlier this month and plan to start commercial production ...
Tags: Dragon Aromatics, PX plant
China's domestic isomer-grade mixed xylenes prices have strengthened partly due to the startup of Dragon Aromatics' new 800,000 mt/year paraxylene plant in Fujian province late August, market sources said Thursday. "Hikes in domestic ...
Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...
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 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
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
China’s chemical project in Kunming, capital city of Yunnan province, is still being discussed and evaluated for setting up a project for production of paraxylene or PX, company officials of China National Petroleum Corp (CNPC) said ...
Tags: CNPC, PX Project, Textile