The spot price for paraxylene in Europe was $5/mt lower week-on-week, assessed at $1,370/mt FOB ARA Friday, on softer global prices. From the previous day, the assessment was unchanged. European consumers showed no demand for spot product, with contract volumes remaining ample given low downstream production rates. There was a scarcity of product offered in Europe with those seeking to take advantage of potential arbitrages left frustrated by the lack of molecules in the market.
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