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 Q2 2021
PX supply will largely be dependant on import availability, particularly for downstream PTA and PET.Continued import limitations will maintain pressure on European supply of PX, while eased restrictions will allow the market to rebalance.However, the market is unlikely to return to the length seen for much of 2020 due to stronger demand for material.
Demand for PX is closely tied to demand for downstream PET, which typically rises during warmer months due to consumption of plastic bottles. However, the travel and events which drive this seasonal consumption may be disrupted by quarantine restrictions. Easing logistic constraints on downstream imports could also reduce demand for PX if less domestic production of PTA and PET is needed to cover buyers’ needs.
Supply of OX is likely to remain tight during the second quarter of 2021, with strong demand maintaining pressure on domestic production capacity. Import availability will also be a key influence on supply of OX, with a trader saying that it expects only limited material from India early in Q2 due to planned maintenance in the region.”
Demand for OX is likely to remain strong during the second quarter of the year due to support from seasonal demand for material. The construction industry is a key consumer of derivative phthalic anhydride (PA) and typically sees an increase in consumption during the warmer months.
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:
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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.
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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.
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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