Asian paraxylene prices declined US$17 a ton CFR Taiwan/China and FOB Korea in the third week of November. Isomer mixed xylene fell US$23 a ton FOB Korea on the week.
Paraxylene spot in Asian markets opened the week with a huge fall in prices under pressure on weak crude and downstream PTA futures. Over the week, although crude recovered but paraxylene failed with markers were down on weekend and on the week.
Meanwhile, JX Nippon Oil expects to restart its 500,000 ton a year plant by the end of that week or early next week. Isomer-grade mixed xylenes also fell weekend.