Asian paraxylene prices jumped US$13 a ton CFR Taiwan/China in the first week of August while FOB Korea also rose US$13 a ton on the week. Isomer-grade mixed xylene prices gained US$16 a ton FOB Korea. Paraxylene prices in Asia edged down on Friday but gained on the week supported by strong upstream values and higher downstream negotiations. India’s Reliance Industries resumed high operating rates at its new 2.25m ton per year paraxylene plant after stabilising operations at its upstream platformer. The August paraxylene Asia contract price was US$35 a ton higher from July.
Paraxylene price gains across all regions
Asian paraxylene prices increased US$15 a ton CFR Taiwan/China and FOB Korea in the last week of June. Isomer-grade mixed xylene prices gained US$11.50 a ton FOB Korea on the week. Paraxylene prices rose day on day in Asian market posting week rise after giving back partially weekend. Spot demand was largely flat amid lengthy supply, with not many end-users in the market to source for spot volumes.
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Paraxylene price declines in line with falling energy values
Asian paraxylene prices slumped US$28.33 a ton CFR Taiwan/China and FOB Korea in the third week of June. Isomer-grade mixed xylene prices declined US$19 a ton FOB Korea on the week.
Paraxylene prices moved in line with falling energy complex, falling sharply on Thursday following the almost US$1 a barrel drop in crude oil prices overnight. Naphtha and mixed xylene values also declined as well with latter hitting 6-week low. Although several paraxylene units are under maintenance shutdown, supply was still loose as a whole. Negotiation for contract price will begin soon.
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Paraxylene price inches up in Asia, down in US
Asian paraxylene prices inched up US$2 a ton CFR Taiwan/China in the first week of June. Isomer-grade mixed xylene prices were however, down US$10 a ton FOB Korea on the week.
Paraxylene prices inched up on the week in Asian markets despite dipping weekend on weaker upstream and low crude oil values. Supply and demand fundamental were also weak, and the inventories stayed at high level. Although there are maintenance plans for some units, the market will basically remain weak provided there is improvement in feedstock in a short term.
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Paraxylene price falls across all regions
Asian paraxylene prices declined US$11 a ton CFR Taiwan/China and FOB Korea in the last week of May. Paraxylene prices edged down in Asian markets, both on weekend and on the week, demand for July was seen weakening and decline in energy complex. Upstream, isomer graded xylene was also cheaper as crude dipped below US$50 a barrel.
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Paraxylene price falls in line with sliding energy values
Asian paraxylene prices slipped US$35.67 a ton CFR Taiwan/China and FOB Korea in the fourth week of May. Isomer-grade mixed xylene prices also declined US$16 a ton FOB Korea on the week.
Paraxylene prices in Asian markets declined in line with fall across energy and aromatics sectors. Downstream PTA markets were also unsupportive as September futures fell in China. Meanwhile, isomer-grade mixed xylenes dropped on crude oil slide. S-Oil's Onsan plant was operating normally following scheduled maintenance of around 40 days.
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Paraxylene prices surge on high crude values
Asian paraxylene prices surged US$32.334 a ton CFR Taiwan/China and FOB Korea in the third week of May. Isomer-grade mixed xylene prices gained US$15.50 a ton FOB Korea on the week.
Paraxylene prices in Asian markets rose on the week following PTA futures and higher crude weekend amid quiet market due to an industry conference. Upstream, mixed xylene prices gained on positive market sentiment while inventories were stable in China.
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Paraxylene price recovers in Asia
Asian paraxylene prices recovered US$13.34 a ton CFR Taiwan/China and FOB Korea in the second week of May. Isomer-grade mixed xylene prices gained US$13 a ton FOB Korea on the week.
Paraxylene markets in Asia apparently halted price falls seen in the past 5 weeks in which sellers tried to off-load cargoes. The support may have largely come from rising crude prices and expectation of supply shortage resulting from two majors announcing their turnarounds. Yangzi Petchem said it was on track to start a turnaround from end-May and JXTG Nippon Oil & Energy from third week.
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Paraxylene prices plunge in Asia, up in US
Asian paraxylene prices plunged US$24.67 a ton CFR Taiwan/China and FOB Korea in the first week of May. Isomer-grade mixed xylene prices fell US$35.50 a ton FOB Korea on the week.
Paraxylene prices plunged in Asia for last three consecutive days amid pressure from falling crude oil futures and weaker upstream and downstream markets. Isomer mixed xylene prices tumbled as crude slid and market awaited consumption tax clarity.
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Paraxylene price slips across all regions
Asian paraxylene prices fell US$21 a ton CFR Taiwan/China and FOB Korea in the last week of April. Isomer-grade mixed xylene prices dropped US$6.50 a ton FOB Korea on the week.
Paraxylene prices declined in Asian markets as demand sobered dramatically while a late rally in crude prices limited further drop. Upstream, isomer grade mixed xylene values also dropped on falling downstream while supply will resume with Japanese refineries coming back from turnaround in June.
