China's OX imports in Aug see modest climb

27 September 2016 12:09 Source:ICIS News

SINGAPORE (ICIS)--Orthoxylene (OX) imports in China increased by 5% month on month in August at 19,628 tonnes, official data showed on Tuesday.

In August, OX imports rose by almost 1,000 tonnes month on month as stable-to-firm market conditions in the downstream phthalic anhydride (PA) markets, coupled with competitively-priced cargoes due to increased spot availability, had encouraged buyers to return to the spot market.

On a year on year basis, import levels fell by 24%, a reflection of the generally weaker trend for OX observed for most of 2016.


By Hazel Kumari