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 Q1 2021
Paraxylene
European supply of PX is likely to remain lengthy in Q1 2021. Weak demand may encourage producers to reduce run rates, but it will also limit pressure on stocks, so supply is likely to remain more than ample.
Demand for PX is likely to remain quiet in Q1 with some seasonal low demand in January driven by public holidays. The downstream PTA and PET markets will remain the key drivers of PX demand. In late 2020, logistics disruptions reduced imports of PTA from Asia. If this situation persists, demand for PX may grow with stronger demand for domestic PTA, although this will also be dependent on healthy PTA consumption to produce PET.
Orthoxylene
OX supply could tighten in Q1 as unattractive pricing is likely to limit Asian imports. Weak PX demand may also influence the availability of OX. At facilities where the two are made using the same process, a reduction in rates will impact both. European capacity for OX will be lower in 2021 than it was at the start of 2020.
Demand for OX is likely to rebound in early 2021 following the seasonally low demand typically seen in early January. At the end of the year, the automotive sector was recovering from the weak demand caused by restrictions in Q2, but it remains vulnerable to lockdowns and reduced consumer spending.
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.
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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.
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.
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