The global paraxylene market features an increasingly fragmented landscape on account of the leading companies accounting for a scant market share, finds Transparency Market Research (TMR).
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Supply of paraxylene (PX) in Asia should gradually lengthen as a result of PX capacity expansion growth,driven by two large production units coming on stream in the key China market this year.
The global paraxylene market features an increasingly fragmented landscape on account of the leading companies accounting for a scant market share, finds Transparency Market Research (TMR).
Ethylene prices declined sharply in the first week of March in Northeast Asia as demand dropped for downstream styrene monomer
Polyester intermediate prices have continued rising in the very recent week,and are expected to further climb after Chinese holidays.
Asia’s spot paraxylene (PX) prices are likely to remain under downward pressure from ample regional supply amid continued weakness in downstream markets, industry sources said. Asia’s PX inventory remained high, with end-users not likely to hold on to excess volumes in the near term, market sources said. Cargoes from Singapore, India, the Middle East and the US for November and December shipments remained on offer in Asia. Excess monthly supply is estimated at 20,000 tonnes, but traders said that the combined volumes for October and November shipments could be as high as 100,000 tonnes, augmented by Europe cargoes, market sources said.