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 Q3 2014
US orthoxylene (OX) contract pricing also fell during Q3, following a declining trend in US mixed xylenes (MX) spot prices. 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.
The September OX contract price was settled at 56 cents/lb FOB, down 13% from 64.50 cents/lb FOB in July.
Updated to Q4 2014
US paraxylene (PX) contracts in the fourth quarter (Q4) declined, falling 15% in November from October because of weakening Asia PX spot prices. December contracts are expected to settle in the latter half of the month on further declines.
The US PX monthly contract followed trends in Asia PX spot prices instead of following the PX Asian Contract Price (ACP) because the ACP had difficulty reaching settlements in 2014.
Demand for PX was curtailed because downstream purified terephthalic acid (PTA) remained short in Q4 on a BP force majeure. Although BP’s previously damaged Cooper River, South Carolina, PTA unit has restarted, it is running on a temporary fix until it can be permanently repaired, sources said.
US orthoxylene (OX) contract pricing also fell in Q4, dropping 22% in December from October, following the declining trend in US mixed xylenes (MX) spot prices. OX comes out of the refining process with MX and is typically affected by its price movement.
OX demand in the downstream phthalic anhydride (PA) market remained unexpectedly good in Q4, during what is typically a low-demand period. Market sources said activity was carried over from the previous quarter and expect demand will slow with the year-end holidays.
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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