November price paraxylene Europe - Arhive
November contract price of paraxylene in Europe fell by EUR77.5 per ton November price paraxylene Europe
MOSCOW – The contract price of paraxylene in Europe for November deliveries was agreed at EUR1,060 per tonne, which is EUR77.5 per tonne lower than the October contractual price of material, ICIS reported on Monday confirming both buyers , and from the sellers in the market. November price paraxylene Europe
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe). November price paraxylene Europe
Prices in Europe were mainly pressured by falling quotes in a more liquid Asian market, which, as a rule, influences pricing in Europe.
The supply of material on the European market remains rather limited, since the two plants are currently standing. November price paraxylene Europe
The November contract price of para-xylene was approved quite early in the region compared to the past few months, when negotiations lasted longer.
Earlier it was noted that the October contract price of paraxylene in Europe decreased by EUR22.5 per ton compared with the level of September – to EUR1 137 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 cost of contract and spot volumes of Russian PET dropped sharply in November. November price paraxylene Europe
Especially noticeably fell spot prices. In November, the cost of material for spot and contract buyers will be almost the same due to the low season.
The stable exchange rate of the ruble and the continuing fall in prices on foreign markets make it possible to count on the continuation of the downward trend in prices on the Russian market until the end of this year.
mrcplast.ru
Author: Margarita Volkova