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Xylenes mixed-xylenes Europe Transcript
The ICIS European Mixed Xylene report gives a spot price range and is published on a weekly basis.
The range reflects deals done on that particular week but in the absence of any deals, that range is set using the lowest bid and highest offer. The report also touches upon downstream demand in the solvents sector and highlights developments in the Paraxylene and Orthoxlene market.
The report is widely used in the market to help participants make informed purchasing and selling decisions and to give them up to date key market information.
Xylenes-Mixed xylenes news and market information products from ICIS
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Updated to Q1 2016
The European mixed xylenes (MX) market continued to be driven by strong demand from the gasoline sector in Q1, with regional spot availability limited due to low extraction rates from refineries. Chemical demand for MX in Europe is slow outside of contractual business, with paraxylene consumption shrinking as polyester chain production has increasingly moved to Asia. The orthoxylene market is balanced overall, with imports from Russia covering any shortfall in regional demand.
Solvent demand has been healthy, however.
Gasoline blending demand for MX has been strong, but the pull is from other regions such as Asia and West Africa, where fuel consumption is growing.
Premiums for MX over the Eurobob gasoline number have been strong throughout Q1, with numbers in the high $100s/tonne. These have come down to $120-130/tonne as April approaches, with the gasoline market switching over to summer-grade specifications.
However, with gasoline prices in contango into Q2, this is keeping MX spot pricing firm in the high $500s/tonne on a FOB basis.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Xylenes-Mixed xylenes.
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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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Xylenes-Mixed xylenes. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
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