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 Q2 2019
US PX supply is expected to improve in the second quarter following the end of refinery maintenance season and improved margins for on-purpose PX production via isomerisation and selective toluene disproportionation (STDP). On-purpose PX production margins are likely to improve amid increased demand for material in the polyester chain.
US PX demand is expected to increase in the second quarter amid a seasonal uptick in purified terephthalic acid (PTA) and PET demand in the warmer spring months. Demand will also increase as PET producers prepare for the peak summer bottled drinks season.
US orthoxylene (OX) supply was constant in the third quarter on healthy supply and demand fundamentals. Increased demand for feedstock mixed xylenes (MX) during the latter half of the quarter put upward pressure on OX prices but did not significantly diminish supply. Strong MX demand was driven by robust demand for paraxylene (PX) in Asia caused by production issues amid peak polyester demand season in the region.
US OX demand was constant during the third quarter. Demand is seasonal and strongest during the late second and early third quarters for the production of downstream phthalic anhydride (PA) in the production of plasticizers in the compounding in PVC. Demand usually wanes in August but remained healthy amid heightened crude prices and strong MX demand for use in the gasoline-blending pool.
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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