Asian paraxylene markers slipped US$17 a ton FOB Korea and CFR Taiwan/China in the third week of December.
Paraxylene prices slipped in Asian markets on the week, but were seen rising weekend as trading was quiet throughout the week. Long-term contract negotiations were heard ongoing.
In US, spot paraxylene fell week over week amid persistently quiet demand and tracking movement in Asia. Demand also remained quiet while production margins were still unfavorable.
Meanwhile, xylene market sentiment remained bearish despite supply on tight side and weak buy interest.
In Europe, paraxylene and mixed xylene prices were down 3-4 per cent on the week tracking developments in the overall energy complex and other regions. Paraxylene prices fell US$19 a ton.
In US, spot paraxylene fell US$15 a ton FOB USG on the week.
Spot mixed xylene declined US cents 8 on the week, assessed at US cents 206 per gallon (US$624.18 a ton) FOB USG for December and January.
Courtesy: Weekly PriceWatch Report
