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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US paraxylene (PX) contract prices fell in the 2014 first quarter while orthoxylene (OX) contract prices declined at the start then held steady for the rest of the quarter. Asia pricing and steady to soft US mixed xylenes (MX) prices drove PX and OX pricing.
PX contracts fell to 63.50 cents/lb ($1,400/tonne) DEL in March from 69.75 cents/lb DEL in January. OX contracts held steady at 58.50 cents/lb FOB in March after coming down from 60.00 cents/lb FOB in January.
PX in February was only partially settled, as a few market participants did not agree a 4.25-cent/lb drop in the contract price from January. Market sources said that PX US contract prices dropped to bring them closer to spot prices levels in Asia PX.
Because the PX Asian Contract Price (ACP) failed to settle in February and March, US players looked to Asia PX spot price trends for price direction. The monthly US PX contract price typically follows price movement in the PX ACP.
US OX players, meanwhile, typically look at price trends in US MX on which they base OX contracting pricing. 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.
Updated to mid-April 2014
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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