Asian paraxylene prices inched down US$1 a ton FOB Korea and CFR China in the second week of July. Mixed xylene August CFR Taiwan cargo was offered at US$682 a ton, without attracting any buying interest. Paraxylene prices in Asian markets slipped on the week with the restart of Singapore’s JAC facility which may achieve on-spec operation by end-July. Meanwhile, India’s Reliance Inds has planned phased start up of its 2.25 mln ton a year paraxylene production facility from October onwards.
In US, paraxylene contracts for July settled lower as spot remained range bound behind Asia amid thin liquidity. Spot paraxylene was down US$5 a ton FOB USG on the week.
In Europe, paraxylene and mixed xylene ended the week on a bullish note due to a shortage of material. Spot paraxylene gained amid weak sell interest. Paraxylene prices gained US$1.50 a ton while mixed xylene premiums were up US$14 a ton on the week.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…