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Home Commodities Chemicals Paraxylene-orthoxylene Paraxylene-Orthoxylene Asia prices, markets & analysis

Paraxylene-Orthoxylene Asia prices, markets & analysis

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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.

Use ICIS information to:

  • Inform your internal data models
  • Substantiate your position in negotiations
  • Set terms for settlements and contracts

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Regional Outlook

Updated to Q1 2021

Paraxylene

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.

Orthoxylene

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.

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Our products

Paraxylene-Orthoxylene news and market information products from ICIS

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.

Price reporting

  • More information about the price reports we publish on Paraxylene-Orthoxylene
    Independent price assessments and market coverage by region

    • Paraxylene-Orthoxylene Asia

Price history

  • More information about the historical price data we publish on Paraxylene-Orthoxylene
    Track historical price data

    • Paraxylene-Orthoxylene Asia price history

News & analysis

  • News & market analysis specifically relating to Paraxylene-Orthoxylene
    Breaking news of latest developments affecting the markets. Insight and analysis of factors driving prices.
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Services

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Pricing Intelligence

Pricing information

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:

  • Spot and contract price assessments
  • Market commentary on trends and developments
  • Transactions reported and confirmed
  • Plant and production news

Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.

  • Find out more about ICIS pricing reports >>

Price forecast services

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.

  • Find out more about ICIS chemicals forecast reports >>

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Dashboard – Easy access to ICIS pricing data

ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.

ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.

  • Find more about ICIS dashboard >>
  • Find out more about new ICIS data delivery options: Excel Plug-In & API >>

Margin reports

ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.

Find out more about ICIS margin reports >>

Supply and Demand Window on ICIS Dashboard

The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.

Find out more about the ICIS Supply and Demand Window

Industry News

News Service

24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.

  • Find out more about ICIS news service >>

ICIS Chemical Business magazine

If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.

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An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.

  • Find out more about the ICIS supply and demand database >>

Analytics tools for MPG include:

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  • Price Drivers Analytics
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  • Supply & Demand Outlooks

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ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.

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ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.

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Global markets

Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.

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China markets

ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.

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Methodology

Paraxylene Methodology Consultation read more >

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 Paraxylene-Orthoxylene, 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.

Para Ortho xylene Methodology

Paraxylene (PX) is the largest volume isomer of the mixed xylenes. Orthoxylene (OX) is the second largest of the three commercial isomers of xylene.

Read More

Price reporting

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.

Price history

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.

Free sample price report

Mixed Xylenes, Naphtha

Phthalic Anhydride, PTA

News

TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals
Fri, 05 Mar 2021 10:00

Chinese Premier Li Keqiang announced that the country has set a GDP growth target of more than 6% for 2021. Li was speaking at the National People's Congress (NPC), China's annual parliamentary...

Read
Thailand petrochemical firms eye better '21 amid oil-led price spikes
Tue, 02 Mar 2021 06:57

SINGAPORE (ICIS)--Thailand’s petrochemical firms are expected to generate better earnings in 2021 on the back of rising product prices, but oversupply in China and slow growth in some end-user...

Read
Asia petchem markets bullishness set to continue amid tightening supply, high oil pr
Mon, 01 Mar 2021 06:09

SINGAPORE (ICIS)--Across the board bullishness seen in Asia's petrochemical markets is likely to continue in the near term on tight supply in key China market ahead of its peak turnaround season,...

Read
Thailand's IVL swings to Q4 net profit; eyes better demand in 2021
Thu, 25 Feb 2021 07:35

SINGAPORE (ICIS)--Thailand-listed Indorama Ventures Ltd (Ltd) expects demand recovery for its products to continue this year after it swung to a net profit of Thai baht (Bt) 1.61bn ($54m) in the...

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