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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 Q3 2016
Paraxylene (PX) contract prices came down by a cumulative amount of 2.75 cents/lb during the months of July and August while the September contract had yet to settle as of the date of writing. Spot prices fluctuated throughout the quarter but ended the period down compared with the start of the third quarter. Downstream, players complained that demand for polyethylene terephthalate (PET) was not as strong as expected during the summer high season. Upstream mixed xylenes (MX) demand was not as strong as expected for the summer months owing to sufficient supplies of gasoline, although MX feedstock costs firmed up in September owing to some supply outages, which may provide some support to PX prices going forward.
Updated to Q3 2016
Ortho-xylene (OX) spot prices in the US rose steadily during the third quarter in accordance with market movements in Asia. Contract prices, meanwhile, came down 0.5 cents/lb ($11/tonne) over the quarter, mostly due to a 1.5 cents/lb ($33/tonne) drop in the August contract price. The downward movement in the August OX contract was attributed to bearish sentiment in the upstream mixed xylenes (MX) market, where high octane inventories weighed down demand during much of the summer. Market participants had initially been anticipating further downward movements in the September contract price, although September contracts ultimately rolled over as sentiment in MX market had improved owing to some production issues as well as stabilizing stock levels for octane. Downstream, demand for phthalic anhydride (PA) remained firm throughout the traditional summer high season for the product. Most OX produced in the US is used as a feedstock in PA production.
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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