February price paraxylene Europe
February contract price of paraxylene in Europe increased by EUR45 per ton
MOSCOW – The contract price of paraxylene in Europe for February deliveries was agreed at EUR960 per ton, which is EUR45 per ton higher than the January contract price of material, market participants told ICIS on Wednesday.
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).February price paraxylene Europe
Sources of polyethylene terephthalate (PET) downstream market explain the increase in prices of paraxylene on the European market by the growth of spot prices in Asia.
Earlier it was noted that the January contract price of paraxylene in Europe fell by EUR45 per ton compared with the level of December last year – to EUR915 per ton.
Paraxylene is a raw material for the synthesis of terephthalic acid – an intermediate for the production of polyethylene terephthalate (PET).
According to ICIS-MRC’s Price Review , the overall demand for PET preforms in the Russian market at the beginning of this month does not allow us to speak of signs of a market recovery in February. Spot prices of producers as compared with the previous week as a whole did not change, however some factories called spot prices for non-regular customers at the level of 105 thousand rubles. per ton, CPT Moscow, including VAT. On the other hand, the strengthened ruble rate and low demand from processors do not allow producers to raise spot prices in the first half of February. In connection with the holidays in China, external signals for the Russian market were absent last week.
Author: Margarita Volkova