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Paraxylene Market Price, News, Market Analysis | ChemAnalyst

The demand from the downstream PTA and PET sector surged, due to the unavailability of Paraxylene. PX prices hiked significantly in the North American region, where the prices for April delivery were assessed around USD 895/ton, showing a jump of USD 205/ton from the February delivery prices.

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Paraxylene Market Price, News, Market Analysis | ChemAnalyst

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  1. Paraxylene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview For the Quarter Ending March 2021 North America The Paraxylene supply in the North American region remained tight during the first quarter of 2021, due to the production disruptions caused after the arctic freeze hit the US gulf region, accountable for halting the 73% of total Paraxylene capacity of the region, giving room to global supply shortages. The demand from the downstream PTA and PET sector surged, due to the unavailability of Paraxylene. PX prices hiked significantly in the North American region, where the prices for April delivery were assessed around USD 895/ton, showing a jump of USD 205/ton from the February delivery prices. Get more info: https://www.chemanalyst.com/Pricing-data/paraxylene-26 FOLLOW US:

  2. Paraxylene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Asia-Pacific (APAC) PX supplies were tight in the Asia Pacific during Q1 2021, due to limited spot availability of the upstream products, followed by the several plant shutdowns observed in the region amid Chinese Lunar New Year holidays causing total 480,000 tonne of Paraxylene production loss in the region. Sinopec (East China), Zhejiang Petrochemical, Sinopec Yangtze, CNPC Sichuan and several other producers went temporarily offline in March adding to the inventory pressures and raised offers. Amid the global supply shortage, the prices in China took a rigorous 23.9% upswing by USD 173/ton on month-on- month basis in March. Strong demand for Chinese PX from the US contributed well to the market sentiments. Europe PX supplies in the European region were tight, during the first quarter of 2021, due to the lower operating rate of refineries in the northwest European region amidst cold weather conditions, followed by decline in imports from the USA which further tightened the market supplies. Demand surged as offtakes from downstream PTA sector surged. Some market participants seemed optimistic that the product fundamentals have improved over the last year and anticipated the bullishness to continue at least till the H1 2021. FOLLOW US:

  3. Paraxylene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Paraxylene is an aromatic crude derivative, distilled from the mixed xylene stream. Paraxylene is the supreme feedstock for Dimethyl Terephthalate (DMT) and Polyethylene Terephthalate (PET). The two products are widely utilized to produce PET, which is further utilized to produce Polyester fibers, PET film, and PET solid-state resin. In addition, a minor share of Paraxylene is consumed to manufacture solvents and di-paraxylene and herbicides. Paraxylene is produced through catalytic reforming of Naphtha and extracted from the C8 mixed xylene stream containing Para xylene, Meta xylene, Ortho xylene and Ethyl Benzene. Few other methods to produce Paraxylene are toluene disproportionation and gasoline pyrolysis in a naphtha steam cracker unit. However, the traditional and most well-equipped technology for the Paraxylene rests upon the isomerization of mixed xylenes. Product Specific Details CAS 99%; Packaging Size: Drum; Import Terms: CFR, FOB, Ex-Work, Bulk Contracted, Spot No: 106-42-3; HS Code: 29024300; Grades: Anhydrous Countries Covered: APAC – China, Japan, India, South Korea, Singapore Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:

  4. Paraxylene Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. demand and supply outlook, ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research- based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace Management, BFSI and more. & Defense, Water and Waste CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:

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