Asia paraxylene July contract prices
Asia paraxylene July contract
Asia did not reach agreement on paraxylene July contract prices
The participants in the negotiation process, by agreeing on the July contract prices of paraxylene in Asia, could not reach an agreement for the current month.
According to them, the approval of the monthly contractual price of the material is achieved when it is agreed by at least two suppliers and two buyers.
This is the fifth time this year when it is not possible to agree on contract prices for material in the region. Asia paraxylene July contract
Thus, in 2019, the agreed contract price of paraxylene in Asia was reached in February at the level of USD1,050 per ton, CFR Asia, and in March at the level of USD1,080 per ton, CFR Asia.
Para-xylene is one of the main raw materials for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , the cn value of PET in the Russian market will reach a price bottom this month. Asia paraxylene July contract
In July, contract prices of Russian producers will reach minimum levels over the past 1.5 years. Asian quotes continue to grow, which will affect the growth of formula prices of Russian factories already for August shipments.
Author: Margarita Volkova