Asian paraxylene markers were assessed down US$26.50 a ton FOB Korea and CFR Taiwan/China in the third week of October.

Isomer-grade mixed xylene fell US$39 a ton FOB Korea on the week.

Spot paraxylene was assessed 3 per cent down on the week in Asian markets.

Paraxylene prices in Asian markets continued to sober during the week but regained partially at weekend seeing the energy complex rebounding sharply.

Downstream support was strong as PTA prices moderated early in the week to remain steady thereafter.

In Europe, paraxylene spot price also fell 2.6 per cent on the week. Paraxylene spot prices moderated US$19 a ton on the week.

In US, paraxylene spot tracked Asian fall while demand stayed quiet amid favorable production economics. Spot paraxylene fell US$20 a ton FOB USG during the week.

Paraxylene prices are expected to firm up together with a fluctuation in coming week.

Courtesy: Weekly PriceWatch Report