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Paraxylene-Orthoxylene US Transcript
The paraxylene report is a weekly snapshot of the market. There are two price-ranges in the ICIS report on US Gulf paraxylene.
The first is the contract price, which is settled between major buyers and sellers every month. The other range is the spot price which is assessed on an FOB basis and can move around from week to week.
ICIS talks to US suppliers about production issues, and we also talk to buyers about trends in demand. Additionally, traders, exporters and other consumers of this report are consulted in order to get relevant feedback on what’s happening in the market.
The ICIS paraxylene report is a timely, relevant publication for US gulf information.
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Updated to Q1 2016
The US paraxylene (PX) market in the first quarter saw spot prices climb on the back of higher Asia values, while contract prices have declined.
The Asia PX market is up on stronger demand and tighter supply due to upcoming turnarounds. This has not impacted US PX contracts.
It is likely that PX could remain flat for the next quarter, but the petrochemical is about to enter its busy season, so increases are also a possibility.
Updated to Q1 2016
The US orthoxylene (OX) market during the first quarter saw falling prices driven by lack of demand.
The OX market tends to remain slower in the winter season. Ample supply was heard in the market. OX contracts generally settle at the start of each month. There was a slight delay in March’s settlement, although sources did not indicate the reason for the delay. OX is used as a feedstock for phthalic anhydride (PA).
The paraxylene (PX) report is a weekly snapshot of the market. There are two price ranges in the ICIS report for US Gulf (USG) PX.
The first is the contract price that is settled between major buyers and sellers every month.
The other range is the spot price, which is assessed on a free-on-board (FOB) basis and can move around from week to week.
ICIS talks to US suppliers about production issues and we also talk to buyers about trends in demand.
Additionally, traders, exporters and other consumers of this report are consulted to get relevant feedback on what is happening in the market.
The ICIS PX report is a timely and relevant publication for USG information.
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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