May Contract prices paraxylene Europe

The May contract price of paraxylene in Europe fell by EUR87.5 per ton

May Contract prices paraxylene Europe

MOSCOW  – The contract price of paraxylene in Europe for May shipments was agreed at EUR87.5 per tonne lower than last month’s prices, market participants told ICIS .

The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).

Two contracts were concluded: EUR890 per ton, FD NWE (northwest Europe) and EUR925 per ton, FD NWE.

Following the ICIS methodology, the May contract price of para-xylene was estimated at an average level of both these prices – EUR907.50 per tonne, FD NWE.

Earlier it was reported that the contract price of paraxylene in Europe for April deliveries was agreed at the level of March – EUR995 per ton.

Paraxylene is a raw material for the synthesis of terephthalic acid – an intermediate for the production of polyethylene terephthalate (PET).

According to Scan Report Company Market Report, in Russia, the estimated consumption of PET in January-March of the current year increased by 21% and amounted to 179.05 thousand tons. In March, the total estimated consumption was 64.35 thousand tons, which is 6% higher than the previous year.

mrcplast.ru

Author:                Anna Larionova

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Polymers Petrochemicals DTY PSF 29-05-2019

  • China Polyethylene Terephthalate
  • PET is steady,but with light uptrend.
  • Crude oil  is steady,but weak.
    • Polyamide 6 and its chain are in downtrend.

    PET Bottle grade export 890/955 $/ton PET Bottle grade domestic market 7,250/7,350 yuan/ton PET Filament grade SD domestic market 6,550/6,700 yuan/ton – PET Filament grade BR domestic market 6,650/6,750 yuan/ton

  • PTA Taiwan 780/800 $/ton PTA domestic market 5,650/5,750 yuan/tonMEG  525/535 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 865/875 $/ton
  • Polyester POY 150D/48F  domestic market 7,500/7,600  yuan/tonPolyester DTY 150D/48F  domestic market 9,200/9,300  yuan/tonPolyester Staple PSF domestic market 7,600/7,700 yuan/ton

-The May contract price of paraxylene in Europe fell by EUR87.5 per ton

The contract price of paraxylene in Europe for May shipments was agreed at EUR87.5 per tonne lower than last month’s prices.

The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).

Two contracts were concluded: EUR890 per ton, FD NWE (northwest Europe) and EUR925 per ton, FD NWE.

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