Asian paraxylene markers fell US$12 a ton on the week a ton both FOB Korea and CFR Taiwan/China in the third week of September. Feedstock isomer-grade mixed xylenes fell US$13 a ton FOB.
Paraxylene prices in Asian markets fell for the second consecutive week on weaker upstream and as weeklong National Holidays in China draw closer.
Crude oil futures also dipped for the third week in a row while downstream PTA futures for January also closed lower on the Zhengzhou Commodity Exchange. Asian isomer-grade mixed xylenes fell on keen selling interest.
In Europe, paraxylene prices strengthened on a more balanced supply while xylenes spot prices were assessed down. Paraxylene prices gained US$4 a ton while contract price for September was fully settled and was down Euro65 a ton from August.
In US, spot paraxylene prices were stable.
Courtesy: Weekly PriceWatch Report
