Asia mixed xylenes at eight-month low Price weakened by declining crude futures,curtailment of domestic travel in China

摘要

Asian mixed xylene prices declined by 3.1% on 28 January to the lowest level in almost eight months as crude futures continued to decline and the spread of the coronavirus in China curtailed domestic travel and stoked fuel demand concerns.The IHS Markit mixed xylenes marker was notionally assessed at $657/metric ton FOB Korea and after offers for March-loading cargoes,which started the day at $675/metric ton,tumbled to $65 8/metric ton in the afternoon.Even as crude's retreat added to selling pressure,no counterbids were seen.The marker was last below this level on 6 June 2019.