Paraxylene Asia

摘要

Asian paraxylene prices weakened $11/mt week on week to $941/mt FOB Korea and $962/mt CFR Taiwan/China Friday as downstream purified terephthalic and upstream isomergrade mixed xylene softened as well. Both PX markers slumped $8/mt day on day. July ICE Brent crude fell 42 cents/barrel day on day to $66.59/b at 4:30 pm Singapore time (0830 GMT). PTA fell $16/mt week on week to $755/ mt CFR China Friday, while isomer-MX was down $16/mt over the same period to $843/mt CFR Taiwan. The PX-MX spread widened $5/mt to $98/mt, comparing CFR Taiwan isomer-MX with PX FOB Korea. But the PX-naphtha spread narrowed $28.25/mt week on week to $349.88/mt as naphtha rose $2.38/mt from Thursday to $591.13/mt CFR Japan on Friday, up $17.25/mt week on week. In related news, South Korea exported 452,459 mt of PX in April, down 5.5% from March but up 71.6% from April 2014.