Asian paraxylene prices edged down US$0.50 a ton CFR Taiwan/China and FOB Korea in the last week of October. Isomer mixed xylene offers fell US$20 a ton FOB Korea on the week.
Paraxylene prices gained on the first two days of the week and declined midweek, only to recover later and post a mild weekly loss tracking PTA futures.
Meanwhile, November contract prices were nominated up from October. Isomer – mixed xylene market structure changed from flat to a contango weekend.
Asian paraxylene prices inched up US$4.70 a ton CFR Taiwan/China and FOB Korea in the third week of October. Paraxylene price were up in Asian markets as downstream January PTA futures fell and JX shutting its Kashima plant after a fire broke out on 20 October. However, market outweighed the effect of a sudden plant shutdown. Mixed xylene offers for December cargo also fell with December Brent crude down weekend.
Asian paraxylene prices were up US$2 a ton CFR Taiwan/China and FOB Korea in the second week of October. Isomer mixed xylene last offer for November was down US$2 a ton FOB Korea.
Paraxylene prices in Asian markets inched up on the week after falling sharply Thursday across Asia and Europe. The weekly rise was due to firmer PTA and crude oil prices. Meanwhile, SKGC plans to restart its paraxylene plant in H2 October.
Asian paraxylene prices were up US$10 a ton CFR Taiwan/China and FOB Korea in the first week of October. Isomer mixed xylene were up US$11 a ton FOB Korea on the week.
Paraxylene prices moved up sharply opening the week only to give back on subsequent days and ending with a small gain weekend, to close the week up. The movements were in tandem with crude oil climbs.
Asian paraxylene prices were up US$6.25 a ton CFR Taiwan/China in the third week of September while FOB Korea was up US$6.33 a ton on the week.
Paraxylene prices in Asian markets inched up on the week on higher naphtha cost while the Px-naphtha spread remained below US$400 a ton. Naphtha spot prices gained US$16 on the week to US$410.90 a ton CFR Japan. Meanwhile in China, Sinopec settled its September contract price.
Asian paraxylene fell US$21 a ton CFR Taiwan/China and FOB Korea in the second week of September. Isomer-grade mixed xylene declined US$12 a ton FOB Korea on the week.
Paraxylene prices declined sharply back to 8 weeks low as market activity was thin amid holidays in key Asian markets. This also pulled down the paraxylene-naphtha spread further below US$400 a ton mark. Isomer-grade mixed xylene also slumped week on week.
Asian paraxylene prices gained US$7-8 a ton CFR Taiwan/China and FOB Korea in the first week of September. Thus, the paraxylene-naphtha spread reduced to US$27.05 a ton on the week. Bids for mixed xylene also rose on the week.
Paraxylene prices rose week on week in Asian markets on higher upstream prices while the paraxylene-naphtha spread shrank on the week. Isomer-mixed xylene bids for November cargoes rose as crude futures shot up on Thursday.
Asian paraxylene prices lost US$5.00-5.50 ton FOB Korea and CFR Taiwan/China in line with crude oil pricing in the last week of August. South Koreas SK Global Chemical cut its nomination to US$820 a ton CFR but end-users posted counterbids of US$710-730 a ton.
Asian paraxylene prices lost US$12 a ton FOB Korea and CFR Taiwan/China in the last week of August. Paraxylene market rolled back previous week’s gain as prices declined due to weak demand emanating from PTA plants shut down in China ahead of G20 summit. Meanwhile, mixed xylene spot edged up on upstream firmness while September-October flipped into backwardation.
In Europe, paraxylene market was mixed with prices declining opening the week only to partially regain before weekend. Paraxylene prices gave back US$5.50 a ton on the week.
Asian paraxylene prices gained US$14 a ton FOB Korea and CFR Taiwan/China in the third week of August. Paraxylene prices rose throughout the week in Asian market only resting on Thursday as crude rebounded sharply opening the week and rallied on Thursday. The paraxylene-naphtha spread also narrowed down rapidly during the week.
