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 2019
The European PX market is structurally short and consumption has increased following the restart of the downstream Indorama purified terephthalic acid (PTA) plant in Sines, Portugal, during 2018. However, increased global capacity may result in greater availability of import material. Hengli Petrochemical’s new PX unit in Dalian, China, is expected to come on line during the second quarter.
Demand for PX is likely to increase during the second quarter. Downstream demand from the polyethylene terephthalate (PET) sector typically reaches a peak during this part of the year.
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.
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.
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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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