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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 Q2 2016
The US paraxylene market in Q2 saw steady demand that led to price increases.
PX values increased as the market hit its busy season. However, the increases were smaller than expected, given the time of year. Higher increases were likely offset by up and down movement in the upstream mixed xylenes (MX) market.
The PX market has also likely been impacted by a softer-than-expected polyethylene terephthalate (PET) season. PX is an intermediate used to make PET. The US PET market has been surprisingly quiet this summer, which is usually peak season.
Updated to Q2 2016
The US orthoxylene (OX) market is likely to continue to see steady demand from downstream markets. OX is used to make phthalic anhydride (PA). The PA market continues to see strong demand from the plasticizers sector. In addition, the housing and automotive industries are the end users for plasticizers.
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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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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