The Asian paraxylene market flipped into contango Monday -- the first time in six months -- as spot supply started building up amid thin demand for prompt February cargoes ahead of the Lunar New Year holidays. The CFR Taiwan/China PX ...
Tags: Paraxylene, Chemicals
Paraxylene market participants expect another tough round of negotiations for the Asian Contract Price for October amid tight PX supplies and a bearish downstream purified terephthalic acid market, sources close to the negotiations said ...
Tags: Chemicals
US spot paraxylene was assessed at a five-month high of $1,460/mt FOB US Gulf Coast on Wednesday. The last time spot paraxylene was seen higher than this level was on March 21, when it was assessed at $1,475/mt FOB USG, according to ...
Tags: Chemicals, paraxylene
US spot mixed xylene prices have fallen a total of 11 cents ($33.33/mt) since June 17, last assessed Friday at $3.90/gal ($1,181.70/mt) FOB US Gulf Coast, which sources attributed to bearish demand and a weaker energy complex. MX prices ...
Tags: Mixed Xylene, Chemicals
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
The backwardation structure in the Asian paraxylene market narrowed to $2/mt Thursday from $5/mt Wednesday as front-month laycans were seen to be weaker than back-month and amid heavy spot PX selling by Chinese purified terephthalic acid ...
Tags: Chemicals, PTA producers
The May US mixed xylene contract price settled at $3.94/gallon ($1,193.82/mt), 11 cents ($33.33/mt) higher than April's mark, trading sources said Monday. The MX contract price had settled at $3.83/gal for April, which was 57 cents lower ...
Tags: Mixed Xylene, Chemicals
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
Asia's paraxylene market extended falls Monday morning, with the CFR Taiwan/China PX price benchmark declining quickly to under the psychological $1,600/mt mark for the first time in three months under heavy sell pressure, market sources ...
Tags: paraxylene market, paraxylene, PX Market
US spot paraxylene fell $15/mt Tuesday to nearly a one-month low assessment of $1,595/mt FOB US Gulf Coast tracking weaker Asian levels. US spot PX was last seen at this level on January 28, when the assessment was at $1,595/mt FOB USG. ...
Tags: PX prices, paraxylene, PX