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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We offer the following regional Xylenes-Mixed xylenes coverage to keep you informed of factors and developments affecting prices in the Asia Xylenes-Mixed xylenes marketplace.
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Updated to Q1 2017
In January, several traders and end users had concluded negotiations with South Korea’s GS Caltex, a major isomer-grade xylene producers, at a lower premium compared to 2016. The new term premiums on a FOB Korea basis were lower than the $4/tonne seen for January-December 2016. Most buyers said that the current macroeconomic weakness, coupled with a surplus of cargoes stemming from new start-ups and regional expansions, had led to them look for reductions in premiums.
Discussions started trending higher from mid-January to hit a 19-month high by 3 February, underpinned by tight March availability because of a heavy aromatic maintenance schedule.
Traders were increasing bids for March cargoes as sentiment was bolstered by improvements in the downstream prices and conditions in the overall polyester chain. South Korean and Taiwanese end users were maintaining high output, adding to the bullishness.
Thereafter, prices were on a downward trend as weak demand from PX makers for April and May cargoes, coupled with rising supply, had dampened market outlook.
Trade was subdued for the week with little buying interest seen for April and May cargoes as most end-users held a bearish outlook for the downstream PX and PTA sectors.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Xylenes-Mixed xylenes.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
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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.
Over 25 years of reporting on key chemicals markets, including Xylenes-Mixed xylenes, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.