ICIS has a network of locally based reporters providing coverage of regional Xylenes-Mixed xylenes markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
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Xylenes -mixed xylenes Overview Transcript
The mixed xylenes or MX stream is an important raw chemical that can be broadly divided into two grades, the isomer grade and the solvent grade.
Isomer grade is generally used for the production of paraxylene and orthoxylene, while the solvent grade is used in the solvent and coating application sectors. .
The Asian isomer grade MX market typically sees around 40,000 tonnes of deep sea material being shipped from the US per month as the region is net short. However, with fresh capacity emerging in the key Chinese market, trade flows could fundamentally be altered. .
A large proportion of isomer grade MX trade is contract based, with the spot-trade arena dominated by major Korean players. Pricing for both isomer grade and solvent grades mixed xylenes are heavily influenced by movements in crude futures as well as sentiment in the downstream markets..
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Updated to Q4 2016
Asian isomer-grade xylene spot prices were largely higher quarter on quarter due to gains in the upstream crude markets and tight October and November supply.
Spot availability was curtailed by a spate of plant maintenance in Japan and South Korea between September and November.
In Japan, JX Nippon, Cosmo Oil and Idemitsu Kosan had shut their plants for a routine overhaul within a similar time frame.
Supply was disrupted by a technical issue at Taiwan's CPC Corp’s No 4 cracker in Linyuan which prompted the producer to shut its aromatics unit at the same location for maintenance in October. The producer also shut its No 6 aromatics unit for scheduled maintenance of 40-45 days on 1-2 October, in line with their upstream facilities, to repair damages sustained during Typhoon Meranti.
South Korea’s S-Oil’s two reformers and toluene disproportionate process (TDP) units were shut for maintenance from September to end-October. SK Global Chemicals (SKGC) had shut its aromatics unit in Incheon as well at around same time.
Demand was largely firm as some Chinese end-users acknowledged that rising prices in the domestic market against a backdrop of maintenance and low aromatics output, had encouraged them to seek regional cargoes.
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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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