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Paraxylene (PX) prices rise in the U.S. on tight supply and stronger Asian markets
An sector source in the U.S. informed a Polymerupdate team member, “U.S. PX spot prices rose on tight supply and firmer seller offers, supported by stronger pricing trends in Asia. Demand from the PTA and PET sectors remained subdued, with many buyers holding sufficient inventories and limiting spot purchases. Despite the lacklustre demand ecological stability, constrained availability continued to support prices.”
PX prices were assessed at USD 1505–1515/mt FOB U.S. Gulf levels, week-on-week up USD (+25/mt).
MX feedstock prices were assessed at 397.00–397.10 cents/gallon FOB U.S. Gulf levels, down (-29.00 cents/gallon) from the previous week.
Meanwhile, FOB Korea PX prices were assessed at USD 1110–1120/mt levels, week-on-week higher by USD (+30/mt).
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