Use the independent price assessments and market coverage in our price reports to track the regional Paraxylene-Orthoxylene market.
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Updated to Q2 2018
Supply of US paraxylene (PX) was tight during the second quarter as a major producer was heard offline for about two months and buying in the spot market. This drove up spot prices significantly, peaking in early June. Prices began to fall during June, indicating the plant had returned to production, but confirmation could not be obtained. Supply of feedstock mixed xylenes (MX) was tight throughout the quarter amid unseasonable gasoline demand and refinery turnaround season.
Demand for US paraxylene (PX) was high during the second quarter due to the outage of a major PX producer, which was heard to be buying product in the spot market. Demand also rose amid the start of peak polyethylene terephthalate (PET) season. However, peak season demand was offset somewhat by the fact that US PET resin production capacity was reduced with a major plant offline.
Supply of US orthoxylene (OX) was steady during the second quarter. Feedstock mixed xylenes (MX) was tight throughout the quarter, and OX prices were driven higher as a result. Firm crude values also kept pressure on OX prices. MX was tight throughout the quarter amid unseasonable gasoline demand and refinery turnaround season. Supply of MX for chemical purposes, therefore, was lower during the quarter, but OX remained in balance with demand.
Demand for US orthoxylene (OX) was balanced with supply levels during the second quarter. Downstream plasticizers demand was strong, but did not apply upward pressure on prices. Rising OX prices stemmed from a tight mixed xylenes (MX) market, which was pinched by unseasonable gasoline demand and refinery turnaround season. Demand for OX was balanced with reduced supply of MX for chemical purposes.
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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