May Contract prices paraxylene Europe
The May contract price of paraxylene in Europe fell by EUR87.5 per ton
MOSCOW – The contract price of paraxylene in Europe for May shipments was agreed at EUR87.5 per tonne lower than last month’s prices, market participants told ICIS .
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).
Two contracts were concluded: EUR890 per ton, FD NWE (northwest Europe) and EUR925 per ton, FD NWE.
Following the ICIS methodology, the May contract price of para-xylene was estimated at an average level of both these prices – EUR907.50 per tonne, FD NWE.
Earlier it was reported that the contract price of paraxylene in Europe for April deliveries was agreed at the level of March – EUR995 per ton.
Paraxylene is a raw material for the synthesis of terephthalic acid – an intermediate for the production of polyethylene terephthalate (PET).
According to Scan Report Company Market Report, in Russia, the estimated consumption of PET in January-March of the current year increased by 21% and amounted to 179.05 thousand tons. In March, the total estimated consumption was 64.35 thousand tons, which is 6% higher than the previous year.
Author: Anna Larionova