Paraxylene price slips in US and Europe

Asian paraxylene markers rolled over in the last week of August. Paraxylene prices were flat in Asia after rebounding week end helped by rising October crude oil futures. Downstream PTA futures for September too jumped on the week. ExxonMobil nominated its September Paraxylene Asia Contract Price during the week and it was down US$70 a ton CFR from its last nomination for August. Other nominations have so far been made around the same range.

In Europe, paraxylene and orthoxylene experienced a similar turnaround, though the intra-week dip brought prices down to the lowest levels only since April. Paraxylene price dropped US$28 a ton FOB ARA.

In US, spot declined for another week as RBOB gasoline pressured pricing lower. Demand for mixed xylene also remained weak. Spot paraxylene assessments fell US$5 a ton FOB USG for the week while mixed xylene dropped US cents 20 per gallon on the week.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

5 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

5 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago