Paraxylene Asia

摘要

Asian paraxylene closed $9.50/mt day on day Friday to end the week at $1,620/mt FOB Korea and $1,640/mt CFR Taiwan/China. With crude and global stock markets plunging late-week, market watchers said PX was holding up well and its 'less than expected" fall was reflective of demand/supply fundamentals. 'I think the market will perform again in September," a trader said. 'Dalian Fujia Dahua is expected to shut in October and that would mean a shortage of 60,000 mt/month," he added. At 4:30 pm Singapore time (0830 GMT), front month ICE Brent was trading at $105.76/barrel, down $4.13/b from the same time a day earlier. Offers for September arrival PX were posted at $1,660/mt CFR early Friday and retreated to $1,650/mt CFR against bids at $1,620/mt CFR.