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Paraxylene price climbs on high naphtha cost

Asian paraxylene prices were up US$6.25 a ton CFR Taiwan/China in the third week of September while FOB Korea was up US$6.33 a ton on the week.

Paraxylene prices in Asian markets inched up on the week on higher naphtha cost while the Px-naphtha spread remained below US$400 a ton. Naphtha spot prices gained US$16 on the week to US$410.90 a ton CFR Japan. Meanwhile in China, Sinopec settled its September contract price.

Related Keywords: naphtha price, naphtha price in asia, paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Polyester pricing in June 2015 A year of fall - Part I

Related Keywords: ethylene prices, naphtha price in asia, naphtha price in Europe, naphtha price in USA, paraxylene prices, petrochemical prices, Polyester pricing

Watching the fall in polyester chain for about a year now, one segment which has apparently escaped the trend is the ethylene chain including its derivative mono ethylene glycol segment. Crude oil prices had peaked in June 2014 and started their downward journey thereafter. Many factors were responsible for their fall, with supply glut being an important one.

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