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.
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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 Q2 2015
The supply of paraxylene (PX) in Asia for the second quarter was largely tight, owing to a heavy turnaround season at PX facilities in the region.
Mixed xylenes (MX)-based PX producers continued to face squeezed margins due to a narrowing spread between feedstock prices and PX spot prices. This led to lower throughput at such facilities, further tightening supply.
This came on the back of the traditional peak demand season in the downstream purified terephthalic acid (PTA) sector in the key China markets. In addition, an unexpected shutdown at Dragon Aromatics’ 1.6m tonne/year PX facility in April due to a blast at the site supported PX spot prices during the quarter.
On the other hand, the Asian PX markets continued to face uncertainties especially on an unclear restart plan at Jurong Aromatics Corp’s (JAC) 800,000 tonne/year PX facility. Meanwhile, the PX Asian Contract Price (ACP) was only settled in May at $925/tonne CFR (cost & freight) Asia, with no major settlements in April and June.
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 Q2 2015
The average spot price of OX in east China decreased from May to June following an upturn from April to May. The price generally stayed stable in June.
Price hikes by domestic producers and demand from end-users lent support to the average spot prices of OX in east China from April to May. Domestic producers increased their offers four times during the period.
Market prices decreased sharply from May because of weak demand from end-users.
Shutdowns of some phthalic anhydride (PA) plants led to price decreases.
Market prices stabilised later in June, as end-users maintained production, and the inventory of suppliers was not so high.
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.