The Paraxylene-Orthoxylene (PX-OX) markets are covered by ICIS' network of locally-based reporters in Asia, Europe and the US. The weekly reports bring you in-depth news on spot on contract markets and analysis in the commentary provides intelligence on developments in market activity, upstream movements, production news and graphs.
These are an essential tool for those involved in the industry to keep abreast of market movements and make crucial commercial choices.
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Paraxylene-Orthoxylene news and market information products from ICIS
We offer the following regional Paraxylene-Orthoxylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Paraxylene-Orthoxylene marketplace.
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Paraxylene-Orthoxylene: Market overview
Updated to Q3 2017
The Asian paraxylene (PX) market is expected to continue seeing ample supplies in the market as more open-origin cargoes could head towards Asia from India, the Middle East, US and Europe. Some sell tenders by producers were not concluded successfully and were re-floated by producers on account of low bids from traders.
In Europe, the paraxylene (PX) market remains oversupplied and given global balances, a downward trend is expected to continue. The monthly European contract price is expected to come off further into July, though some suggest good demand from PET could hold things steady in the summer months. Imports in April 2017 fell by 17.33% compared to the same period last year, while exports out of the region fell 9.81%.
The US paraxylene (PX) market is expected to remain balanced during the third quarter of 2017. Contract prices for paraxylene (PX) ended the second quarter down 4.5 cents/lb, due to feedstock mixed xylenes (MX) prices trending down. Exports for March rose by 22% year on year, while PX imports rose 12% year on year.
Updated to Q3 2017
In Asia, amid a slump in upstream crude, isomer-grade xylene and co-products paraxylene (PX) markets, lackadaisical domestic and regional end-user demand are prompting a soft orthoxylene (OX) price outlook among market participants. Despite tight regional supply into Q3, most expect market fundamentals to balance out because of weak buying demand, especially from China.
The European orthoxylene (OX) market is better balanced than in recent months, with Q3 expected to see further improvement in availability. All European producers are running well and further import volumes have been arriving from Asia. Demand to downstream phthalic anhydride (PA) and plasticizers is likely to hold firm in July, but tail off in August for the traditional summer lull.
The US orthoxylene (OX) market is expected to remain balanced during the third quarter of 2017. Contract prices fell by 1.0 cents/lb at the beginning of the quarter but rose again, and remained flat during the rest of the second quarter, due to mixed xylenes (MX) downward movement from lower energy costs and lower gasoline prices. Exports for April rose 57% year on year, while OX imports fell by 6.9% year on year.
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Paraxylene-Orthoxylene news & analysis
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Paraxylene Methodology Consultation read more >
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Para Ortho xylene Methodology
Paraxylene (PX) is the largest volume isomer of the mixed xylenes. Around 98 percent of PX demand comes from the polyester chain via the one of its intermediatespurified terephthalic acid (PTA) or dimethyl terephthalate (DMT). The breakdown for polyester demand is 65 percent from fibre, 27 percent from polyethylene terephthalate(PET) bottle resin and the remainder from film and other plastic end uses. Polyester demand is expected to grow at six percent a year over the next few years with the PET resin bottle market seeing the fastest growth. A small amount of PX is used as a solvent and in the production of di-paraxylene and herbicides.
Paraxylene is a flammable liquid and a fire hazard. When heated to decomposition, paraxylene emits acrid smoke and fumes. Vapours may travel to a source of ignition and flash back.
Orthoxylene (OX) is the second largest of the three commercial isomers of xylene. Almost all OX produced is consumed in the manufacture of phthalic anhydride, which is converted to plasticisers, alkyd and polyester resins. Small quantities are used in solvent applications and to make bactericides, soybean herbicides and lube oil additives. It is also used to make phthalonitrile, which is converted to copper phthalocyanine, a pigment.
Orthoxylene is a flammable liquid and a fire hazard. When heated to decomposition, orthoxylene emits acrid smoke and fumes. Vapours may travel to a source of ignition and flash back.
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