Paraxylene-Orthoxylene Prices, markets & analysis
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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 2015
US paraxylene (PX) contract pricing in the first quarter (Q1) of 2015 was mixed with uncertainly on price direction for March.
January saw a decline, followed by a slight increase in February. The March PX contract had not settled by press time.
The US PX monthly contract typically follows trends in Asia PX spot prices. Rebounds in Asia PX spot prices seen in late February took a downturn in March and remained volatile.
US orthoxylene (OX) contract pricing was challenging in Q1 on the back of some volatile pricing in US mixed xylenes (MX).
The quarter started with a 16% drop in the January OX contract from December 2014. After that, the February contract had a split settlement, which led to a prolonged settlement in March. For March, the OX contract price settled late in the month at an average increase of 9.7% from the split in February.
OX comes out of the refining process with MX and is typically affected by its price movement, as well as movement of benzene and toluene which are also produced in the same gasoline stream.
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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