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 Q3 2020
Current squeezed production margins for PX might limit operating rates in the near term and keep supply largely balanced. Operating rates are gradually on a slight decline, but a drastic cutback in run rates at chemical reformers will be dependent on upstream refinery operating rates. The impending start-up of two new PX facilities in China might slowly add supply length towards the end of Q3.
Downstream PTA facilities may consider cutting run rates if production margins turn negative, as inventory within China remains high. Demand for PX is likely to increase slightly from the start-up of new PTA facilities. Hengli Petrochemical has started up its 2.5m tonne/year No 5 PTA unit, while Xinfengming Petrochemical is expected to start up its 2.2m tonne/year No 2 PTA unit towards the end of Q3.
Operating rates of OX facilities are likely to remain stable, although run rates are unlikely to increase amid squeezed production margins. OX facilities continue to face relatively strong production cost pressure amid firm feedstock prices. Meanwhile, the Europe-Asia import arbitrage window is expected to remain closed on higher OX prices seen in the European market.
Demand in the PA’s downstream plasticizer sector is seeing gradual recovery, which could keep PA plant operating rates steady. As a result, demand for OX is likely to be stable. Furthermore, there are no scheduled turnarounds expected at downstream PA facilities during the quarter.
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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