Asian paraxylene prices fell US$6 a ton CFR Taiwan/China and while FOB Korea in the last week of March. Major settlements for April contract price was heard cut.
Paraxylene markets in Asia were volatile that week with prices falling early in the week and regaining as crude prices recovered somewhat only to give back some gains weekend. Isomer-grade xylene extended losses amid lengthening supply. Major producers reportedly cut their April contracts from their earlier offers.
Asian paraxylene prices fell US$29.33 a ton CFR Taiwan/China and FOB Korea in the fourth week of March. Isomer-grade mixed xylene was cheaper by US$9.50 a ton FOB Korea on the week.
Paraxylene prices fell back again that week after some recovery last week as sentiment continued to weaken across regions. Orthoxylene inventories at China's ports was piling while a S Korean producer halted spot offering as demand waned throughout Asia amid ample supply.
Asian paraxylene prices dived US$50 a ton CFR Taiwan/China and FOB Korea in the second week of March. Isomer-grade mixed xylene declined US$43 a ton FOB Korea on the week.
Paraxylene prices were driven down in Asian markets amid continuing free-fall in sentiment affected by heavy pressure from bearish futures markets. Upstream isomer-grade mixed xylene also fell week on week in line with lower upstream and downstream markets. Falling crude oil prices further added to the pessimistic market sentiment.
Asian paraxylene prices dived US$50 a ton CFR Taiwan/China and FOB Korea in the second week of March. Isomer-grade mixed xylene declined US$43 a ton FOB Korea on the week.
Paraxylene prices were driven down in Asian markets amid continuing free-fall in sentiment affected by heavy pressure from bearish futures markets. Upstream isomer-grade mixed xylene also fell week on week in line with lower upstream and downstream markets. Falling crude oil prices further added to the pessimistic market sentiment.
Asian paraxylene prices slipped US$1.34 a ton CFR Taiwan/China and FOB Korea in the first week of March. Isomer-grade mixed xylene declined US$2 a ton FOB Korea on the week.
Paraxylene prices declined in Asian markets amid weakness in both up and downstream sectors. In China, the May PTA futures fell Yuan on the exchange. Mixed xylene dipped weekend amid lack of outlets in the CFR Taiwan market with major buyer Formosa Chemical and Fibre Corp. due to shut its aromatics plant in April for turnaround.
Asian paraxylene prices were down US$4.83 a ton CFR Taiwan/China and FOB Korea in the last week of February. Isomer-grade mixed xylene declined US$15 a ton FOB Korea and CFR Taiwan.
Paraxylene prices in Asian markets were up weekend on the back of firm buying interest but were still down on the week as they declined sharply on Thursday. Meanwhile, paraxylene-mixed xylene spread retreated from 26-month high as isomer-grade mixed xylene rose on weekend. Major suppliers nominated their March contract price above spot numbers.
Asian paraxylene prices were up US$1.83 a ton CFR Taiwan/China and FOB Korea in the third week of February. Isomer-grade mixed xylene declined US$11 a ton FOB Korea on the week.
Paraxylene prices in Asian market inched up on the week with a surge opening the week and dropping day on day later only to gain marginally at weekend. The rise was prompted by cautious demand for both prompt and forward cargoes. Meanwhile, feedstock isomer-grade mixed xylenes tumbled week on week.
Asian paraxylene prices edged down US$5.33 a ton CFR Taiwan/China and FOB Korea in the second week of February. Isomer-grade mixed xylene declined US$20 a ton FOB Korea a ton on the week.
Paraxylene prices fell weekend and on the week in Asian markets on weaker sentiment and heavy selling as April offers fell to just above the spot. Isomer mixed xylene also fell as demand stayed sluggish. Buying power from China and Taiwan was weak.
Asian paraxylene prices gained US$9 a ton CFR Taiwan/China and FOB Korea in the first week of February. Isomer-grade mixed xylene rose US$7.50 a ton FOB Korea on the week.
Paraxylene prices hit their 19-month high in Asian markets as bullish market sentiment driving values up for March and April-shipment cargoes. Isomer-mixed xylene was also up as China returned and CPC issued tender for March-loading cargo. Supply of orthoxylene was seen short in coming months and prices were up, buoyed by strong feedstock prices for isomer-grade xylene.
Asian paraxylene prices rose US$24.33 a ton CFR Taiwan/China in the in the last week of January. February paraxylene contract price was settled at an increase of US$50 a ton from January.
Paraxylene prices were up in Asian markets were at 18-month highs as regional supply was constrained by production issues, while market sentiment remained bullish as February Asian contract prices settlement was up from January.
