Paraxylene prices Asia falling oil prices - Arhive
Paraxylene prices fell in Asia amid falling oil prices Paraxylene prices Asia falling oil prices
MOSCOW- Prices on the Asian market for para-xylene fell on Thursday, October 11, following a decline in oil prices, as well as a downward price trend in downstream markets, ICIS reported.Paraxylene prices Asia falling oil prices
According to ICIS, paraxylene prices are now at USD1 339-1 341 per ton, CFR China and / or Taiwan, against quotes in the range of USD1 355-1 357 per ton, CFR China and / or Taiwan, on October 10.Paraxylene prices Asia falling oil prices
Thus, the paraxylene spot prices fell against the background of lower quotations registered in the downstream market for the production of purified terephthalic acid (TPA).
In addition, the reduced prices on the crude oil market, combined with the unfavorable macroeconomic situation on the market, exerted even greater downward pressure on the paraxylene quotes in the region.Paraxylene prices Asia falling oil prices
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 market, the cost of PET for contract customers in October increased sharply, while spot prices did not change.
mrcplast.ru
Author: Margarita Volkova