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 Q3 2020
Low PX extraction rates are likely to continue amid unfavourable spreads with feedstock toluene and MX. Vast amounts of new Chinese PX production make that country less dependent on imports and likely will increase Europe and Middle East PX imports to the US east coast to compensate.
Demand into PET is likely to taper off despite the typical peak summer season, amid cancelled events and reduced consumer spending that will result in fewer purchases of bottled drinks. Demand could increase if availability of recycled PET continues to be tight and more virgin resin is needed to supply converters.
Low OX extraction rates are likely to continue amid unfavourable spreads with feedstock toluene and MX, although supply should be sufficient to meet demand. Maintenance shutdowns on the Illinois river will prevent deliveries of OX to US Midwest buyers, although significant stocks were accumulated in preparation during the past year or more.
Demand in the construction sector could improve if coronavirus measures are lifted more broadly in Q3, but will likely remain well below typical levels. Automotive production – and ultimately demand for PA derivatives – is unlikely to reach normal levels until at least 2021. Downstream PA producers previously obtained extra volumes of feedstock OX in preparation for this summer’s shutdowns along the Illinois river – by which most OX is delivered.
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.
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HOUSTON (ICIS)--Here is a plant status report: Name: ExxonMobil Location: Beaumont, Texas, US Product: Refined products, benzene, toluene, mixed xylenes, paraxylene, ethylene, propylene,...Read
HOUSTON (ICIS)--US polyethylene terephthalate (PET) and intermediates paraxylene (PX) and terephthalic acid (PTA) have seen healthy demand into end-use packaging throughout the coronavirus pandemic,...Read
HOUSTON (ICIS)--China remains far from fulfilling the import commitments in the phase-one trade deal it signed early this year with the US, making less likely a broader agreement that could cover...Read
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