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 2020
A new 800,000 tonne/year PX unit operated by Sinochem Quanzhou is expected to start up early in the quarter. Furthermore, Indonesia’s TPPI has restarted its 550,000 tonne/year PX unit, after being idled since the middle of last year. Despite material from new and previously idled plants, supply is likely to stay constant, amid run rate cuts seen in South Korea as a result of poor production economics.
Asia will see a total of 4.7m tonnes/year of new PTA capacities in China, scheduled to start up during the quarter. This is equivalent to around 3.1m tonnes/year of new PX demand. There are limited scheduled maintenance plans at existing PTA facilities during the quarter.
Operating rates at PX/OX facilities are expected to remain relatively low, unless production margins turn positive. Inventories in east China are expected to stay relatively high, at around 30,000-35,000 tonnes. Sinopec Hainan Petrochemical will produce around 100,000 tonnes/year of OX from its No 2 unit from the start of the quarter, after being idled since January this year.
With stronger downstream production margins, operating rates at existing units are likely to stay constant. Scheduled maintenance for around 200,000 tonnes/year of downstream production capacity is expected in the October-November period.
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.