Asian isomer-grade mixed xylene prices

Asian isomer-grade mixed xylene prices on Wednesday rose by $3/mt to $675/mt FOB Korea, and was up $1/mt at $689/mt CFR Taiwan, amid a rise in downstream paraxylene prices. Bids for March FOB Korea cargoes appeared in the market against no offers, while the CFR Taiwan market remained quiet. A buy idea on CFR Taiwan basis was heard below $650/mt. Indications from the Chinese market also remained low compared to international prices, with the East China ex-tank price around Yuan 5,400/mt, or about $661/mt on an import-parity basis. In downstream markets, PX rose $4/mt day on day to $1,109/mt CFR Taiwan/China.

RATIONALE:

Isomer-MX was assessed up $3/mt day on day at $675/mt FOB Korea and up $1/mt at $689/mt CFR Taiwan on Wednesday. The markers take the average of the third and fourth half-month laycans, currently H1 March and H2 March. No bids or offers were registered during the S&P Global CSG Market on Close assessment process. During the MOC process, March-loading cargo was heard bid at $674/mt FOB Korea. Both H1 and H2-March laycans were assessed at $675/mt FOB Korea, above the bid. No bids or offers were heard during the MOC process on a CFR Taiwan basis. The CFR Taiwan price was assessed $1/mt higher, tracking the FOB Korea marker and rising prices in related markets. The above rationale applies to the following market data codes: PHAUV00 for FOB Korea and PHAUT00 for CFR Taiwan.

Leave a Comment

Your email address will not be published. Required fields are marked *