Asian paraxylene prices rose US$13 a ton CFR Taiwan/China and FOB Korea in the third week of January. Spot mixed xylene jumped US$32.50 a ton FOB Korea while orthoxylene prices rose US$20 a ton CFR China.
Paraxylene prices were up in Asian markets as Sinopec settles January contract prices and South Korea's exports rise 10% in 2016. Orthoxylene prices were buoyed by short supply amid rising feedstock isomer-grade mixed xylene prices.
Asian paraxylene prices inched up US$3.67 a ton CFR Taiwan/China and FOB Korea in the second week of January. Isomer mixed xylene declined by US$12 a ton FOB Korea on the week.
Paraxylene prices in Asian markets inched up on the week after falling opening the week and recovering in the end as naphtha bounced on Thursday. Thus, the paraxylene--naphtha spread narrowed mid-week. Isomer mixed xylene also fell during the week.
Asian paraxylene prices remained in the first week of January. Isomer mixed xylene declined US$17 a ton FOB Korea on the week.
SK Global Chemical nominated Jan paraxylene which was US$40 a ton higher than December.
Paraxylene prices remained flat in Asia with the initial gains returned back later in the week. With naphtha rising, the paraxylene spread shrank US$13 a ton that week. Isomer mixed xylene fell as February offers did not find buying interest while arbitrage persisted.
Asian paraxylene prices jumped US$32 a ton CFR Taiwan/China and FOB Korea in the second week of December. Isomer mixed xylene moderated US$3 a ton FOB Korea on the week.
Paraxylene prices hit a 2016 peak opening the week as bullish energy values and strong futures prices in the downstream PTA markets exerted significant upward pressure on trading values. China’s Sinopec adjusted its December paraxylene nomination price upwards from its initial numbers.
Asian paraxylene prices inched up US$6 a ton CFR Taiwan/China and FOB Korea in the first week of December. Isomer mixed xylene further jumped US$25 a ton FOB Korea on the week.
Paraxylene prices rose in Asian and US markets while sobered in Europe that week. Asian paraxylene rose on firmer crude and January PTA futures. India’s Reliance showed interest in Asian contract pricing.
Asian paraxylene prices surged US$17.33 a ton CFR Taiwan/China and FOB Korea in the last week of November. Isomer mixed xylene jumped US$28.50 a ton FOB Korea on the week.
Paraxylene prices in Asia soared on the week post midweek surge in crude oil values. Meanwhile, the paraxylene-naphtha spread touched 1-month low. ExxonMobil nominated its December Asia Contract Price which was up US$65 a ton from the November. Isomer mixed xylene prices rose on buying for January while paraxylene-mixed xylene spread retreated from 4-month high.
Asian paraxylene prices gained US$7.50 a ton CFR Taiwan/China and FOB Korea in the fourth week of November. Isomer mixed xylene fell US$0.50 a ton FOB Korea on the week. S-Oil nominated December contract was down US$20 a ton than November.
Paraxylene markets in Asia were largely aided by mid-week rise in crude and mixed nominations for Asian contract price. Isomer-grade mixed xylenes was assessed down on the week. S-Oil nominated lower than its November while Idemitsu Kosan and JX Nippon Oil & Energy nominations were flat to November numbers.
Asian paraxylene prices declined US$17 a ton CFR Taiwan/China and FOB Korea in the third week of November. Isomer mixed xylene fell US$23 a ton FOB Korea on the week.
Paraxylene spot in Asian markets opened the week with a huge fall in prices under pressure on weak crude and downstream PTA futures. Over the week, although crude recovered but paraxylene failed with markers were down on weekend and on the week.
Meanwhile, JX Nippon Oil expects to restart its 500,000 ton a year plant by the end of that week or early next week. Isomer-grade mixed xylenes also fell weekend.
Asian paraxylene prices jumped US$22.67 a ton CFR Taiwan/China and FOB Korea in the second week of November. Isomer mixed xylene offers gained US$21 a ton FOB Korea on the week.
Paraxylene prices in Asian markets surged on the week on downstream rally. The January PTA futures jumped over 8% on week. Isomer mixed xylene spot prices also jumped in support of paraxylene markets.
Asian paraxylene prices declined US$15.34 a ton CFR Taiwan/China and FOB Korea in the first week of November. Isomer mixed xylene offers fell US$25 a ton FOB Korea on the week.
Paraxylene prices declined a bit sharply in Asian markets tracking lower crude and falling January PTA futures in China. The November contract price settled almost flat over October.
