PODCAST: Asia PX recovers, faces upcoming capacity additions
Angeline Soh
07-Nov-2022
SINGAPORE (ICIS)–In this podcast, ICIS editor Samuel Wong discusses recent developments and the outlook for the Asian paraxylene (PX) and Purified Terephthalic Acid (PTA) markets with Angeline Soh.
PX prices had recently rallied, on the back of gains in upstream crude values. Its gap with naphtha had also recovered from the lows of around $275/tonne in early November.
- Narrow PX, MX price gap curtails higher run rates
- Uneconomical Chinese downstream margins a headwind
- Start up of new capacities to ease current supply tightness
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