East China isomer-grade xylenes stock down by 20,000 tonnes

30 March 2012 11:41  [Source: ICIS news]

SINGAPORE (ICIS)--East China’s isomer-grade xylene (IX) inventory has dropped since the middle of March amid improved demand from the paraxylene (PX) sector, traders in east China said.

The IX inventory held by traders decreased from 70,000 tonnes on 15 March to 50,000 tonnes on 30 March, according to data from Chemease, an ICIS service in China.

“Some PX producers like Shanghai Petrochemical and Zhenhai Refining & Chemical purchased IX ahead of the restart at their PX units. IX is the feedstock for PX,” traders added.

“In addition, 10,000 tonnes of bonded IX cargoes were exported to Asian markets,” the trader added.

IX prices are at yuan (CNY) 9,200/tonne ($1,460/tonne) ex-tank Zhangjiagang on 30 March, compared to CNY9,300-9,350/tonne on 15 March, the data showed.

Solvent-grade xylene prices are at CNY8,950-9,050/tonne ex-tank Zhangjiagang on 30 March, compared to CNY9,175-9,200/tonne on 15 March, according to Chemease.

The inventory of solvent-grade xylenes is unchanged from the middle of March, the data showed.

The inventory of both grades of xylenes held by traders decreased from 125,000-130,000 tonnes on 15 March to 105,000-110,000 tonnes on 30 March, according to Chemease.


Author: Vivian Liu



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