ICIS has a network of locally based reporters providing coverage of regional Paraxylene-Orthoxylene markets.
Whichever regional markets you need to track, our independent price assessments and market coverage will keep you fully up-to-date so you can always negotiate with confidence.
Updated to Q3 2019
Further new start-ups are expected in Asia during Q3, which will increase global capacity even more following the Hengli start-up earlier this year. Seasonally weak demand will also contribute to good availability of PX in Europe.
Demand for PX is likely to remain weak in Q3 as players typically go on their summer holidays and some downstream production shuts. However, seasonal demand for PET was lower than expected during Q2, so any drop in consumption will be smaller than usual compared with the previous quarter.
Supply of OX is likely to tighten in July and August as only limited further import material is expected to arrive from the US and Asia. There is no expected end date for BP’s force majeure. The longer the force majeure lasts with reduced import material arriving in Europe, the tighter the market will become.
Consumption of OX is likely to decrease in the third quarter as many players take holiday in the second half of July and August. Demand will rise again in September, though it has been weak across many markets during 2019 due to uncertainty caused by US-China trade tensions.
We offer the following regional Paraxylene-Orthoxylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe 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:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
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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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.
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.
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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.
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.
Paraxylene (PX) is the largest volume isomer of the mixed xylenes. Orthoxylene (OX) is the second largest of the three commercial isomers of xylene.
The European paraxlyene (PX) and orthoxylene (OX) report shows a monthly contract price for both markets as well as weekly spot quotations.
The report is generated after conversations with buyers, sellers and traders on a weekly basis.
The contract price is a free delivered (FD) northwest Europe (NWE) quotation, while spot prices are on a free on board (FOB) Rotterdam basis.
As well as discussing price developments, the report covers downstream purified terephthalic acid (PTA), polyethylene terephthalate (PET) and phthalic anhydride (PA) market developments.
The report also touches on developments upstream such as crude oil fluctuations and production issues such as planned and unplanned outages.
Buyers and sellers rely on the report to give them the accurate information they need to make informed decisions in the 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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