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 2018
The European paraxylene (PX) market was fairly tight throughout the third quarter of 2018. The product was impacted by production issues – most significantly an unplanned shutdown and force majeure at BP’s plant in Gelsenkirchen, Germany, which was in effect from April until early August. Limited availability in Asia separately reduced PX inflows to Europe and contributed to sharp hikes in the European spot prices.
Demand from downstream polyethylene terephthalate (PET) and purified terephthalic acid (PTA) markets remained strong throughout the third quarter as the products were also affected by the tightness caused by PX shortages. The July start-up of Indorama’s 700,000 tonnes/year PTA plant in Sines, Portugal, following a lengthy period of idleness, boosted European PX demand.
The European orthoxylene (OX) market was tackling tightness caused by unplanned production and logistics issues through the third quarter of 2018. This was partly caused by an unplanned shutdown and force majeure at BP’s plant in Gelsenkirchen, Germany which was in effect from April until early August. European supply also suffered from logistics constraints, which included falling water levels on the river Rhine, limiting barge loadings and causing congestion for rail and truck freight.
Demand was muted during the summer months of July and August, but picked up in September, which is traditionally a strong month for downstream phthalic anhydride (PA) consumption. The European contract price moved up through the third quarter of the year responding to the supply restraints and increasing freight rates. OX spot trading in Europe was scarce to non-existent with available volumes used to cover for contractual obligations instead.
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.
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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