Asian paraxylene prices gained US$21.67 a ton FOB Korea and CFR Taiwan/China in the third week of January.
Paraxylene price surged as crude oil prices jumped more than 10 per cent on 22nd January 2016. The spurt in oil prices also sent naphtha CFR Japan up US$19 a ton over the same period. Downstream demand was still not strong, thus paraxylene price rise was cost pushed.
Asian paraxylene prices fell US$20.83 a ton FOB Korea and CFR Taiwan/China in the first week of January.
Yisheng Petrochemical and ExxonMobil fixed their contract price at US$750 a ton. Isomer-grade mixed xylene inched were at US$614 a ton FOB Korea and US$642 a ton CFR Taiwan.
Paraxylene prices plunged in Asian markets tracking the rapidly weakening energy complex. Demand was also insipid but there was a slight recovery weekend on rise in mixed xylene cost.
January Asian contract price was also settled partially down.
Asian paraxylene markers were down US$2.25 a ton FOB Korea and CFR Taiwan/China in the last week of December 2015.
Paraxylene prices in Asian markets declined on the week on softer crude oil prices and weak downstream demand.
Meanwhile, Aromatics Malaysia plans to shut its aromatics plant at Kertih, Terengganu, from end-March to early May for about 45 days of maintenance.
Supply was expected to increase as Ningbo Zhongjin Petrochemical restarted its 1.6 million ton a year paraxylene plant.
Asian paraxylene markers slipped US$17 a ton FOB Korea and CFR Taiwan/China in the third week of December.
Paraxylene prices slipped in Asian markets on the week, but were seen rising weekend as trading was quiet throughout the week. Long-term contract negotiations were heard ongoing.
In US, spot paraxylene fell week over week amid persistently quiet demand and tracking movement in Asia. Demand also remained quiet while production margins were still unfavorable.
Meanwhile, xylene market sentiment remained bearish despite supply on tight side and weak buy interest.
Asian paraxylene markers fell US$15 a ton FOB Korea and CFR Taiwan/China in the second week of December.
Paraxylene prices dipped back to below November end levels as crude oil markets sank.
Ningbo Zhongjin’s outage however supported prices mid-week. In China, January PTA futures dipped again on the week. Ningbo Zhongjin Petrochemical should be able to restart its refomer may in a week.
In US, paraxylene spot followed Asia lower while activity remained slow in domestic market as production margins declined.
Spot paraxylene fell US$10 a ton FOB USG on the week.
Asian paraxylene markers were up US$5 a ton FOB Korea and CFR Taiwan/China in the first week of December.
Deal level for January was lower with an open-origin cargo sold at $793 a ton on a CFR Taiwan/Ningbo/Dalian basis.
Paraxylene prices in Asian markets were up on the week but moderated weekend on downstream weakness and deals level for January were lower.
Upstream, isomer mixed xylene was up on buying interest for January while inventor depleted in East China.
Asian paraxylene markers were down US$6 a ton FOB Korea and CFR Taiwan/China in the last week of November.
Nominations for December contract prices were at US$820-830 a ton CFR Asia.
Paraxylene prices in Asian markets fell on the week amid heavy selling interest and weakness in upstream isomer- mixed xylene markets.
Meanwhile, December Asian contract price was nominated. Contracts remained unsettled despite production economics were marginally positive.
BP announced that it has put up its Decatur, Alabama, Petrochemicals complex for sale.
Asian paraxylene markers were down US$6 a ton FOB Korea and CFR Taiwan/China in the third week of November.
Nominations for December contract prices were at US$820-830 a ton CFR Asia.
Paraxylene prices in Asian markets fell on the week amid heavy selling interest and weakness in upstream isomer- mixed xylene markets. Meanwhile, December Asian contract price was nominated.
US spot paraxylene was up US$5 a ton on the week. The market continued discussions in a range of US$740-$798 a ton.
In US, paraxylene spot tracked Asian movement while lack of liquidity muted spot movement.
Asian paraxylene markers fell US$19 a ton FOB Korea and CFR Taiwan/China in the second week of November.
Paraxylene prices declined in Asian market weekend and on the week amid both weaker upstream and downstream.
Isomer-mixed xylene was flat amid thin trading as December ICE Brent crude futures were lower over the same period.
In Europe, both paraxylene and orthoxylene prices fell on week, tracking drop in Asia while mixed xylene also declined amid steady PTA.
Paraxylene spot in Europe declined US$19 a ton while mixed xylene dropped US$44.50 on week.
Asian paraxylene markers rose US$16.50 a ton FOB Korea and CFR Taiwan/China in the first week of November.
Paraxylene prices in Asian markets were up on the week but down on weekend amid firm demand and PTA futures in China.
Isomer mixed xylene prices dropped on the week.
In Europe, paraxylene spot was up US$5 a ton on the week tracking Asia.
Mixed xylene premium over gasoline rose for both November and December in Europe while paraxylene spot was down tracking Asia.
