May contract price of paraxylene in Europe rose by EUR20 per tonne – The contract price of paraxylene in Europe for May deliveries was finally agreed higher at EUR20 per ton higher than the April price – May contract price paraxylene Europe - Arhive

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May contract price of paraxylene in Europe rose by EUR20 per tonne

May contract price paraxylene Europe MOSCOW – The contract price of paraxylene in Europe for May deliveries was finally agreed higher at EUR20 per ton higher than the April price, ICIS reported citing market participants.

Thus, the contract prices of paraxylene in Europe for May deliveries were agreed at the level of EUR830 per tonne, FD NWE.

The contract price was agreed on terms of free delivery – FD NWE (North-Western Europe).

Earlier it was reported that the contract price of paraxylene in Europe for April supplies was finally agreed at the level of EUR810 per ton, which is the prolongation of the contract price for the March contract.

Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).

According to the Price Review of ICIS-MRC , the situation of shortage of spot volumes of granulate in the Russian market by the end of April has become even more acute. Insignificant free volumes on the spot for May are available only from the Alco-Nafta plant. Last week, SIBUR raised the indicative value of its material at the Sibur-PET and Polyef plants from 100,000 rubles. for a ton up to 105 000 rubles. per ton, FCA plant, including VAT. There are no spot volumes.

mrcplast.ru

Author:                Anna Larionova

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