ICIS price reporting for regional Paraxylene-Orthoxylene markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
Updated to Q1 2021
New PX capacities are expected to come on stream, increasing supply of PX in the quarter. Sinochem Quanzhou’s new 800,000 tonne/year PX facility is expected to start up in the quarter, while operating rates at existing PX facilities are likely to be maintained amid relatively healthy production margins from the chemical reforming units. Additionally, fewer scheduled maintenance at PX facilities, compared to last year, is expected, with PX production loss from planned maintenance expected to be at around 186,300 tonnes.
Demand could increase in the near term, as several new PTA facilities are expected to start up during the quarter. A total of around 8.2m tonne/year of new PTA facilities are scheduled to start, translating to around 5.41m tonne/year of new PX demand. Existing PTA units in China might reduce at run rates on expectations that polyester operating rates typically tend to reduce as a result of the Lunar New Year holiday.
Run rates at OX facilities are expected to remain stable, amid persistent squeezed margins faced by producers. Supply within southeast Asia is expected to stay snug, amid low run rates being maintained at the facilities in Singapore. Availability from India is expected to be limited, with new downstream plants expected to start up within the quarter.
The impending start-up of new downstream facilities in India will keep demand healthy. Outside of China, downstream facilities are expected to maintain run rates, as long as production margins stay healthy. Within China, demand is expected to decrease, with the import arbitrage window to stay closed, and high inventories being kept locally.
We offer the following regional Paraxylene-Orthoxylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Paraxylene-Orthoxylene marketplace.
News & analysis
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Paraxylene (PX) is the largest volume isomer of the mixed xylenes. Orthoxylene (OX) is the second largest of the three commercial isomers of xylene.
ICIS publishes both a daily and weekly report for paraxylene (PX) in Asia as well as price assessments for the cost and freight (CFR) Taiwan and China Main Port (CMP) markets.
The report includes the monthly Asia contract price (ACP) as well as the Chinese domestic-delivered quote.
Information in the weekly report also includes details of all spot transactions, bids and offers, as well as an in depth discussion of demand-supply fundamentals and any production problems.
The PX daily and price alert service helps subscribers keep on top of the latest market price movements.
ICIS engages with a wide cross-section of market players, producers, traders and consumers to eliminate bias and ensure accurate price assessments that provide a useful benchmark for the industry.
In this way, the ICIS CFR Taiwan and CMP quote, as well as the published ACP, is used for contract settlement by a growing number of market players.
Prices for the free on board (FOB) or CFR Asia markets, as well as assessments for CFR India and southeast Asia (SE Asia), are provided together with prices for isomer grade xylene, PX and phthalic anhydride (PA).
This provides our subscribers with a comprehensive view of conditions in the upstream, downstream and related products market.
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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