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.