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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Updated to Q1 2015
The spot prices of paraxylene (PX) in Asia remained volatile in the first quarter of 2015, on the back of uncertainty in the upstream crude futures sectors. As a result, of the three months, the PX Asian Contract Price (ACP) only settled at $710/tonne CFR (cost & freight) Asia once in February. Spot prices reached the lows of $770/tonne CFR China Main Ports (CMP ) and/or Taiwan and highs of $918.50/tonne CFR CMP and/or Taiwan.
Despite new downstream facilities coming on stream, a strong uptrend rally in PX spot prices was faced with resistance from end-users, citing squeezed margins. Regional PX producers were also facing squeezed margins, especially PX makers who were feedstock mixed xylenes (MX) based. This led several PX producers to cut operating rates in order to balance the supply and demand situation, in attempts to improve their margins.
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.
Updated to Q1 2015
The average spot prices of orthoxylene (OX) in east China increased from Chinese yuan (CNY) CNY5,850/tonne on January 4 to CNY6,250/tonne on January 26, and was stable at around CNY6,250/tonne from January 26 to February 26. From February 27 to March 13, it increased from CNY6,300/tonne to CNY6,900/tonne. Then it decreased to CNY6,450/tonne from March 13 to the end of March.
During February, the average spot price was stable at around CNY6,250/tonne. The main reason was there were few buying ideas around the spring festival.
From February 27 to March 13, the average spot price increased because downstream demand recovered after the festival.
From March 13 until the end of the quarter, average spot prices decreased because of weak demand from end-users. Fewer buying ideas hit market confidence and the price declined from CNY6,900/tonne to CNY6,450/tonne.
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.