Spot prices paraxylene Asia new high 2015 - Arhive
Spot prices of paraxylene in Asia have reached a new high since 2015 Spot prices paraxylene Asia new high 2015
MOSCOW – The spot prices of paraxylene in Asia reached a new high on July 30 from 2015 amid high demand on the eve of the closure for planned repairs of production facilities, ICIS reports.
It is planned that several paraxylene plants will be closed for repairs in August and September, which will lead to a reduction in supply.Spot prices paraxylene Asia new high 2015
In addition, the rising prices of refined terephthalic acid (TPA) also supported the upward trend of paraxylene prices recently.Spot prices paraxylene Asia new high 2015
Futures for TPK for the September contract increased by 2.4% compared to the prices for July 27.Spot prices paraxylene Asia new high 2015
As of July 30, paraxylene transactions for the September delivery were concluded at the level of USD1,078 per tonne, CFR China and / or Taiwan, compared to the similar deal for July 27, concluded at USD1,555 per tonne, CFR China and / or Taiwan.
Paraxylene is a raw material for the synthesis of TPA – a semi-product for the production of polyethylene terephthalate (PET).Spot prices paraxylene Asia new high 2015
According to the Price Review of ICIS-MRC , the decline in spot prices in the Russian PET market last week slowed. In August, the continuation of the current trend is expected.
mrcplast.ru
Author: Anna Larionova
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