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 Q4 2019
PX supply is expected to lengthen in the fourth quarter, with limited scheduled turnarounds. New PX capacities are in the process of starting up. Sinopec Hainan started up its new 1m tonne/year PX facility during the end of the third quarter. Hengyi Petrochemical’s 1.5m tonne/year PX facility in Brunei is expected to start up in the fourth quarter, while Zhejiang Petrochemical’s 4m tonne/year PX facility is expected to start up at the end of 2019.
Two new PTA facilities are expected to start up in the fourth quarter, thus likely to increase PX demand. Xinfengming Group’s 2.2m tonne/year PTA facility is expected to start up in the early part of the quarter, while Hengli Petrochemical is also planning to start up its new 2.5m tonne/year PTA unit in the same period. However, declining PTA production margins might affect existing units’ operating rates, thus limiting demand for PX.
The arbitrage window to import into China opened amid rising prices in the Chinese domestic market towards the end of the third quarter. As a result, import volumes are likely to arrive at the start of the fourth quarter and inventories are likely to gradually increase. OX operating rates are likely to be steady to higher on the back of improved margins.
Downstream production margins will be the key to demand in the fourth quarter. Demand will likely stay flat, as market participants will exercise cautious in response to the uncertain global macroeconomic outlook.
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
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
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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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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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