Asian paraxylene markers, CFR Taiwan/China was up US$4 a ton in the last week of April while FOB Korea also rose US$4 a ton. Isomer-grade mixed xylene prices surged US$31 a ton FOB Korea during the week.
Paraxylene prices in Asia jumped that week largely driven by gains seen in the upstream crude and naphtha markets. Prices were also supported by healthy downstream buying interest during the week.
China’s paraxylene imports in March rose 21% month on month to 1.44m tons. India’s paraxylene exports in February grew 46% month on month to 202,597 tons.
