Paraxylene-Orthoxylene Prices, markets & analysis
ICIS price reporting for regional Paraxylene-Orthoxylene markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
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Paraxylene-Orthoxylene Asia Transcript
ICIS publishes both a daily and a weekly report for paraxylene or PX, in Asia as well as assessments for the cost and freight (CFR) Taiwan and China main port (CMP) price. The report also includes the monthly Asia contract price (ACP) as well as the China domestic delivered quote.
Information in the weekly report includes details of all spot transactions, bids and offers as wells an in-depth discussion of demand-supply fundamentals and any current production problems.
The PX daily and price alert service help subscribers keep on top of all the latest market moves.
ICIS engages with a wide cross-section of market players: producers, traders and consumers in order to eliminate bias and to ensure accurate price assessments that provide useful benchmarks for the industry.
In this way the ICIS CFR Taiwan and China main port quotes as well as the published Asia contract price is used for contract settlement by a growing number of market players.
Together with paraxylene, ICIS provides coverage on the orthoxylene or OX stream. Prices for the free on board (FOB) and CFR northeast Asia markets as well as assessments for the CFR India and southeast Asia are also provided together with prices of isomer grade xylene, paraxylene and phthalic anhydride. This provides our subscribers with a comprehensive view of the upstream, downstream and related products market.
Paraxylene-Orthoxylene news and market information products from ICIS
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News & Analysis - News & market analysis specifically relating to Paraxylene-Orthoxylene
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Insight and analysis of factors driving prices.
Updated to Q3 2014
There was no major settlement for the paraxylene (PX) Asian
Contract Price (ACP) for the months of July, August and September because of
differing market outlook views held by both suppliers and buyers.
Domestic contract prices in the key China markets were on a
downtrend in the third quarter of 2014. July contract prices in the country
stood at yuan (CNY) 10,700/tonne before falling to CNY9,150/tonne in September.
Softening upstream crude and naphtha values, coupled with
prevailing weak downstream demand in the purified terephthalic acid (PTA)
sectors, have added downward pressure on spot PX prices during the quarter.
Furthermore, additional cargoes coming in from Europe and
the US for both September and October loading cargoes have further depressed
market conditions. Asian spot PX prices in July stood at an average of around
$1,423/tonne CFR (cost & freight) Taiwan and/or China Main Port (CMP), before
falling to $1,258/tonne CFR Taiwan and/or CMP in
September amid the lack of interest by end-users to build up inventories. Slow
offtake rates in the polyester sectors have led to lower operating rates at
downstream PTA facilities.
Updated to Q4 2014
The overall downward movement in the downstream phthalic anhydride (PA) market has put pressure on orthoxylene (OX) spot prices in Asia.
Buying interest for OX parcels was reduced as some PA makers have installed naphthalene catalysts as their plants to enable them the flexibility of switching to naphthalene as a replacement feedstock. In the last quarter, Chinese domestic prices of naphthalene has been significantly cheaper than OX, resulting in PA producers switching to the more competitively priced feedstock.
In addition, market sentiment was dampened by volatility in the upstream energy sectors and weak Chinese economy data. The large drops seen in crude oil in November and December have led to feedstock isomer-grade xylene prices plunging, pulling OX prices with it.
Several end-users from the key Chinese markets were heard to have withdrawn from contractual negotiations for 2015 because of a large buy-sell gap, while others were seeking reductions in contractual volumes as they were looking for production flexibility.
ICIS publishes both a daily and weekly report for paraxylene (PX) in Asia as well as price assessments for the cost and freight (CFR) Taiwan and China Main Port (CMP) markets.
The report includes the monthly Asia contract price (ACP) as well as the Chinese domestic-delivered quote.
Information in the weekly report also includes details of all spot transactions, bids and offers, as well as an in depth discussion of demand-supply fundamentals and any production problems.
The PX daily and price alert service helps subscribers keep on top of the latest market price movements.
ICIS engages with a wide cross-section of market players, producers, traders and consumers to eliminate bias and ensure accurate price assessments that provide a useful benchmark for the industry.
In this way, the ICIS CFR Taiwan and CMP quote, as well as the published ACP, is used for contract settlement by a growing number of market players.
Prices for the free on board (FOB) or CFR Asia markets, as well as assessments for CFR India and southeast Asia (SE Asia), are provided together with prices for isomer grade xylene, PX and phthalic anhydride (PA).
This provides our subscribers with a comprehensive view of conditions in the upstream, downstream and related products market.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Paraxylene-Orthoxylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Paraxylene-Orthoxylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.