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.
That means you can track fluctuations and developments as they happen and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Inform your internal data models
- Substantiate your position in negotiations
- Set terms for settlements and contracts
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
We offer the following regional Paraxylene-Orthoxylene coverage to keep you informed of factors and developments affecting prices in the Asia Paraxylene-Orthoxylene marketplace.
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News & analysis
News & Analysis - News & market analysis specifically relating to Paraxylene-Orthoxylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
The spot prices of paraxylene (PX) in Asia came under downward pressure towards the end of October, largely because of bearish sentiment in the downstream purified terephthalic acid (PTA) sectors.
Despite unplanned lower operating rates and scheduled maintenance within the region, PX supply remained ample, as the buying appetite of end-users were curbed amid tepid downstream demand.
Outages at two Japanese companies’ upstream refinery units had forced these companies to lower the operating rates at their PX facilities because of the shortage of feedstock.
In addition, two Chinese firms shut their PX facilities in October for scheduled maintenance.
However, supply of PX remains ample during the quarter, especially with 80,000-100,000 tonnes of arbitrage cargoes expected to arrive in Asia in November, coupled with lower operating rates at PTA facilities.
The PX market in Asia continued to be clouded with uncertainty, especially without a major settlement done for November’s Asian Contract Price (ACP). The October ACP was settled at $1,470/tonne CFR Asia.
Updated to mid-November 2013
Spot prices of orthoxylene (OX) in the region weakened from mid-August to mid-October, driven mainly by weak demand and declining downstream phthalic anhydride (PA) prices.
Buying interests from end-users in the key China region softened on a monthly basis as operating rates at several Chinese PA plants were lowered, reducing the need for feedstock OX.
Regional OX suppliers’ margins have been hurt by the persistently high feedstock isomer-
grade xylene cost. However, it was difficult for them to raise prices given the weak buying appetite among end-users.
Prices stopped sliding after mid-October, stabilizing at $1,350-1,380/tonne FOB Korea as of 18 October, as most players believed that OX prices have bottomed out.
In addition, players’ sentiment were bolstered by a slight improvement in demand from the downstream PA sector. PA makers returned to the market to replenish depleted stocks after weeks of sitting on the fence, resulting in OX prices increasing slightly on a CFR NE Asia and FOB Korea basis.
Updated to mid-November 2013
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.