Paraxylene: Asia

摘要

Asian paraxylene was assessed at $1,374.50/mt FOB Korea and $1,399.50/mt CFR Taiwan/China Thursday at 12:30 pm Singapore time (0430 GMT) -- the lowest level since August 2, 2012 -- down $22/mt from Wednesday at 4:30 pm Singapore time. Platts assessment process closed at 12:30 pm Thursday due to the Easter public holiday Friday. The Asian PX market remained under pressure Thursday from rising PX supply amid lower operating rates at purified terephthalic acid plants, especially in China, and shrugged off firmer Western crude oil futures.