Paraxylene prices Asia January - Arhive

Paraxylene prices in Asia fell by 8.01% in early January amid a decline in consumer activity Paraxylene prices Asia January

Paraxylene prices Asia January

MOSCOW – Paraxylene prices in the Asian market declined by 8.01% in the first week of January compared to a level of about two weeks ago, ICIS reported.

So, on January 2, material prices in Asia amounted to USD930-932 per ton, CFR CMP (main ports of China) / Taiwan, against the level of USD1 011-1 013 per ton, CFR CMP / Taiwan, December 21 last year. Paraxylene prices Asia January

Recent price losses in energy markets, combined with a deteriorating global macroeconomic situation, have put downward pressure on paraxylene prices in the region.

Weak demand in downstream markets for the production of purified terephthalic acid (TFA) and polyester further weakened consumer sentiment in the para-xylene sector.

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

According to Scan Report Company Market Report, in January-November 2018, the estimated consumption of PET in Russia increased by 3% over the same period a year earlier and amounted to 628.66 thousand tons.  Compared with November 2017, the total estimated material consumption in the Russian Federation increased by 38% and amounted to 56.74 thousand tons against 41.02 thousand tons last year.

Author:   Margarita Volkova

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