Major Paraxylene Manufacturers Asia Contract Prices

Major Paraxylene Manufacturers Asia

Major Paraxylene Manufacturers in Asia Nominate May Contract Prices at USD550-650 Per Ton

Major Paraxylene Manufacturers Asia

MOSCOW  – Major Asian paraxylene producers announced their contract prices for May supplies at USD550-650 per ton, market sources told ICIS .

This May contract price level is USD30-50 per tonne below the April price level – USD600-680 per tonne, CFR Asia.

So, Japanese JXTG Nippon Oil & Energy and South Korean S-Oil announced their May paraxylene contract prices at USD650 per tonne, CFR Asia, while South Korean SK Global Chemical (SKGC) nominated its price at USD570 per tonne, CFR Asia, and Japanese Idemitsu Kosan – at the level of USD580 per tonne, CFR Asia. Major Paraxylene Manufacturers Asia

At the same time, the US ExxonMobil announced its price for the supply of material next month at the level of USD550 per tonne, CFR Asia, as well as the Indian Reliance.

Negotiations on May contract prices are expected to be completed on April 30.

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

According to the ICIS-MRC Price Survey , prices for bottled PET by Chinese manufacturers, including delivery to the Vostochny port last week, ranged from USD675-705 per tonne.

Author: Margarita Volkova

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