Europe Paraxylene

摘要

This week’s bull run in crude oil prices has made the xylenes markets in Europe more bullish, and prices rose week on week across the board. Paraxylene in Europe received a boost this week from higher Asian prices, however, domestic demand was still limited. Spot prices were up $100 week on week at $740/mt FOB ARA, though on the day they remained stable. European prices were on par with the US prices as assessed last at Tuesday’s close, indicating that any potential demand from the US East Coast would look for molecules within the country rather than from across the Atlantic.