Asia Prices March Paraxylene Agreement
Asia Prices March Paraxylene
In Asia did not reach an agreement on the March contract prices of paraxylene
MOSCOW – Participants in the negotiation process for the approval of April paraxylene contract prices in Asia could not reach an agreement for the current month, market sources told ICIS .
According to them, the approval of the monthly contract price for the material is achieved by coordinating it with at least two suppliers and two buyers.
The same price offers are in the region in the range of USD600-680 per tonne, CFR Asia, against counter orders at the level of USD370-380 per tonne, CFR Asia.
This is the fourth time this year, when agreement on contract prices for paraxylene in Asia has not been achieved.
Paraxylene is one of the main raw materials for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , a stable situation remains in the Russian market of PET granules. Until the end of the second quarter, two opposite trends will affect the cost of granulate for large consumers – the growth of the dollar against the ruble and the continuous decline in Chinese quotes. Asia Prices March Paraxylene
Author: Margarita Volkova