Use the independent price assessments and market coverage in our price reports to track the regional Paraxylene-Orthoxylene market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
Updated to Q1 2020
Contract volumes will remain steady, while available spot volumes will depend on sustained positive production margins. Producers will continue to monitor margins to determine the workability of making PX rather than buying it. New Asia PX capacity could make its way to the US, as downstream purified terephthalic acid (PTA) capacity is growing more slowly than PX capacity there.
The large CC Polymers PTA/PET plant in Corpus Christi, Texas, has been delayed until 2021-2022, limiting demand expectations for the first quarter. Although the US economy is expected to be stronger, the global economic slowdown is likely to dampen global demand for downstream PET.
Although no major changes are expected to disrupt OX availability, severe weather could affect operating rates. Producers could keep operating rates low if OX prices are not high enough to profitably divert MX from gasoline blending.
US PA producers are preparing for this summer’s Illinois river closures by stocking up on feedstock OX, which is mainly delivered via barge.
We offer the following regional Paraxylene-Orthoxylene analysis and news coverage to keep you informed of factors and developments affecting prices in the US 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 paraxylene (PX) report is a weekly snapshot of the market. There are two price ranges in the ICIS report for US Gulf (USG) PX.
The first is the contract price that is settled between major buyers and sellers every month.
The other range is the spot price, which is assessed on a free-on-board (FOB) basis and can move around from week to week.
ICIS talks to US suppliers about production issues and we also talk to buyers about trends in demand.
Additionally, traders, exporters and other consumers of this report are consulted to get relevant feedback on what is happening in the market.
The ICIS PX report is a timely and relevant publication for USG information.
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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