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Asian paraxylene prices inched up US$8.83 a ton FOB Korea and CFR Taiwan/China in the last week of March. Asian contract price for April was finally settled and was up US$70 a ton.

Paraxylene prices in Asian markets rose on the week on firm crude and higher PTA futures. Asian contract price for April was settled up on the month. March ended with a rise of 8.5% or US$61.

In US, spot paraxylene gained from last week, hovering at Asia netback while March contract price settled on the month. Spot paraxylene gained US$20 a ton FOB USG on the week.

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Asian paraxylene prices inched up US$5.33 a ton FOB Korea in the fourth week of March.

Paraxylene prices in Asian markets climbed on the week following the trend in upstream energy complex. Prices fell opening the week only to regain in subsequent two days. They fell on weekend in a holiday shortened week.

In Europe, paraxylene spot market was quiet as Easter approached and prices inched up in line with Asian numbers while mixed xylene saw outright price drop in line with gasoline swaps. Spot paraxylene prices gained US$5 a ton FOB Rotterdam during the week.

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Asian paraxylene prices rose US$12.17 a ton FOB Korea in the third week of March while it was up US$13.50 a ton CFR Taiwan/China on the week. Isomer-grade mixed xylenes was assessed at US$661 a ton FOB Korea and US$691 a ton CFR Taiwan.

Paraxylene prices move up in Asian markets but flipped into backwardation weekend on new PTA plant starts up in China and upstream crude ruling above US$40 a barrel. Mixed xylene markets stayed flat amid quiet activity, as isomer-grade was assessed unchanged weekend amid thin discussions.

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Asian paraxylene prices rose US$17 a ton FOB Korea in the second week of March. Isomer-grade mixed xylenes was assessed up on the week at US$632 a ton FOB Korea and US$652 a ton CFR Taiwan.

Paraxylene prices rose opening the week in Asian market as crude oil values firmed while they moderated a bit in the subsequent days only to rise weekend on firm bids. Meanwhile, isomer grade mixed xylene prices were up tracking gains in up and downstream amid thin activity.

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Asian paraxylene prices rose US$5.50 a ton FOB Korea and CFR Taiwan/China in the first week of March. Isomer grade mixed xylene FOB Korea marker jumped US$26 a ton FOB Korea on the week.

Paraxylene prices surged in Asian markets on firmer upstream and downstream segment as Yisheng will restart No.3 Ningbo PTA plant soon. Isomer mixed xylene prices were flat amid thin trading sentiment although inventory fell in China.

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Asian paraxylene prices gained US$9-10 a ton FOB Korea and CFR Taiwan/China in the last week of February. Isomer-grade mixed xylene was assessed at US$589.50 a ton FOB Korea and US$618.50 a ton CFR Taiwan.

Paraxylene prices in Asian markets rose early in the week only to give back some of the gains mid-week. However, they recovered weekend on bullish demand although May PTA futures in China fell amid Sinopec’s March contract price nomination. Isomer-grade mixed xylene prices were flat in thin trade while inventory in East China hit a 6-month high.

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Asian paraxylene prices gained US$8 a ton FOB Korea and CFR Taiwan/China in the third week of February.

Paraxylene prices rose sharply opening the week only to give back all the gains midweek although crude oil prices declined. However, the inched up more than US$10 a ton on the last two days of the week after oil price rose sharply on Wednesday.

In Europe, spot followed Asian values and mainly remained under fluctuation. Limited production also supported spot market as high mixed xylene premium over gasoline narrowed the spread between mixed xylene and paraxylene.

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Asian paraxylene prices although gained US$5 a ton FOB Korea and CFR Taiwan/China in the second week of February. Paraxylene markets were quiet that week and activity was thin amid Lunar New Year holidays, in most part of Northeast Asia. However, weekend saw prices rising amid surging crude oil and mixed xylene prices.

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Asian paraxylene prices lost US$3-4 a ton FOB Korea and CFR Taiwan/China in the first week of February.

Asian paraxylene prices first fell and then rose on 4th February 2016 again to decline on Friday although the week on week numbers moderated.

In US, spot demand for paraxylene remained weak as derivative markets were happy with supply and as Asian need for US imports were low but there were cargoes moving toward Asia a few weeks ago. Thus, arbitrage to Asia remained open on paper. Mixed xylene prices also fell week on week.

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Asian paraxylene prices gained US$30.33 a ton FOB Korea and CFR Taiwan/China in the last week of January. The FOB Korea mixed xylenes marker rose US$32 a ton.

Paraxylene prices rebounded further in Asian markets on the week as February contract prices were settled by major producers. Meanwhile, Isomer-mixed xylene prices also jumped weekend on firm buying while forward curve flipped to contango.

In US, paraxylene spot tracked rising Asian values while decline in feedstock mixed xylene softened amid improved production economics. Arbitrage to Asia was open on paper.

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