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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The US Orthoxylene (OX) contract price followed a similar trend as PX, rising from August to September before also reversing direction and declining in October and November. US MX pricing trends were the main driving factor for OX negotiations.
The contract price rose 5% from August to September and then fell the same amount in October. A further 6% decline from October to November brought the contract price to 60 cents/lb FOB.
OX comes out of the refining process with MX and is typically affected by its price movement, as well as the movement of toluene and benzene that also come out of the gasoline stream.
Demand was overall steady, with slow demand in major end use markets like plasticizers and unsaturated polyester resins (UPR) and healthier demand in secondary outlets such as pharmaceuticals, science-lab countertops and industrial hoods. Demand is expected to remain unchanged for the rest of the year.
Updated to mid-November 2013
US paraxylene (PX) contract prices increased from August to September before reversing direction and declining in October. The November contract has yet to be settled, but it is expected to decline again. The market followed pricing trends in the Asian PX market, US mixed xylenes (MX), and raw material costs.
They contract price rose 3% from August to September, and then declined by the same amount, bringing is back to 73.5 cents/lb DEL in October, the same as in September.
The montly US PX contract price typically follows trends in the PX ACP. Because the November PX ACP did not reach a major settlement, negotiations remain ongoing for the November US PX contract price.
Softer raw material and US MX pricing trends also put downward pressure on PX.
Demand from the downstream purified terephthalic acid (PTA) and polyethylene terephthalate (PET) sectors have slowed in the quarter as the peak bottling season ended in August. Demand is expected to remain slow through the end of the year.
Updated to mid-November 2013
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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