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 Q2 2020
PX scheduled turnarounds will remain limited going forward, thus keeping supply largely ample. The recent steep declines in upstream energy markets, coupled with weak demand as a result of the global coronavirus pandemic has exerted downward pressure on refinery margins. This will likely add a downward pressure on aromatics production margins.
PTA production margins are relatively healthy, with the PX and PTA spread hovering at around the healthy level of $85/tonne. There are limited scheduled turnarounds at PTA facilities going forward, while run rates of PTA facilities in China has been on an uptrend. However, buying pattern for PX is likely to be kept on a need-to basis, especially with end-users sitting on sufficient inventories.
There are limited scheduled turnarounds going forward, and this will likely keep supply constant. Inventories are expected to rise amid weaker demand seen in the region. Asian exports to the west will also be hampered by prevailing weak demand as a result of the coronavirus pandemic, and volatility seen in the upstream energy markets.
In northeast Asia, around 402,000 tonnes/year of downstream PA facilities are scheduled to shut for turnaround from the beginning of the quarter. In southeast Asia, Indonesia’s PT Petrowidada is scheduled for a turnaround at its 70,000 tonne/year PA facility in early April. As a result, demand is expected to decline, amid a weak macroeconomic environment.
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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Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
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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.