January contract price paraxylene Europe
January contract price of paraxylene in Europe rose by EUR17.5 per ton
MOSCOW – The contract price of paraxylene in Europe for January deliveries was agreed at EUR787.5 per tonne, which is EUR17.5 per tonne higher than last December, ICIS reported .
The contract price was agreed on a free supply basis – FD NWE (Northwest Europe).
So, the contract price for the material was confirmed at two levels – EUR785 and EUR790 per ton, and the average value of these quotes was approved as the final contract price for January.
The supply of paraxylene in the European market was limited in the first half of last month, but then the situation with the supply of material in the market improved.
Negotiations on contract prices in January on the European market for paraxylene continued also this month, which is a rare case for this market.
Paraxylene is a raw material for the synthesis of terephthalic acid – an intermediate for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , in the Russian PET market, the supply of material still exceeds the demand for it. January contract price paraxylene
A possible increase in granulate processing volumes before the preform season is expected in March. January contract price paraxylene
Export prices in China after the end of the holiday period in the country fell and fixed at a lower level against the background of limited shipments and partial quarantine in ports.
It is expected that the upward trend of the dollar against the ruble, on the one hand, and a decrease in Chinese quotes, on the other hand, will lead to a slight change in the contract prices of PET granulate next month.