Mix xylene: Mix xylene current prices noticed at Rs 50.5-51/kg at major ports of India and expected stable to ±1 in coming days due to stable demand in the domestic market. Booking level of MX noticed at $690/mt up $5/mt week on week. International Market Updates: Asian solvent-grade mixed xylene prices rose week on week as activity was picking up after the Lunar New Year holidays the week before. A cargo was heard sold to Southeast Asia at $620/mt FOB Korea, and market sources in Southeast Asia confirmed ex-tank prices were still supporting imports at such price levels, as well as an improvement in demand this week. However, the situation in China was different, with MX inventories in East China increasing week on week by more than 40% to 100,000 mt this week, market sources said. Domestic solvent-MX prices in East China were heard on Friday at around Yuan 5,365/mt, or about $638/mt on an import parity basis, with Chinese market sources pegging the tradable CFR China price for March delivery at $600-$625/ mt. Indian market sources said imports from Iran were taking place recently and the domestic price levels meant imports were possible at around $680-$690/mt at the moment. Other trade sources said the CFR India price was currently being negotiated at around FOB Korea plus $75/ mt. In other markets, isomer-grade mixed xylene rose week on week by $24/mt to $692/mt FOB Korea amid a rise in paraxylene and US MX prices. Naphtha also rose on the back of firmer crude oil, up over the week by $34.87/mt to $520/mt CFR Japan on Friday. Rationale Solvent-MX was assessed higher by $20/mt at $620/mt FOB Korea Friday, based on a deal heard done for March loading. CFR China was assessed higher by $5/mt at $625/mt with buy ideas and tradable estimations heard at around $600-$625/mt for March arrival cargoes, and taking into consideration the high inventory level in East China at the moment. CFR Southeast Asia was heard traded at $690/mt and was assessed at that level, up $30/mt week on week, similar to the CFR India price which was priced close to FOB Korea plus $75/mt, based on market feedback, and was increased by $26/mt week on week. Asian isomer-grade mixed xylene rose week on week by $24/mt to $692/mt FOB Korea and by $22/mt to $706/mt CFR Taiwan on Friday, on the back of upstream and downstream price increases during the week. US MX prices were also firm this week, with some traders eyeing arbitrage opportunities. Overnight in the US, front-month (February) MX prices were assessed 5 cents/gal ($15.20/mt) higher at 258 cents/ gal ($784.30/mt), the last traded level. March MX was assessed 4 cents/gal higher at 258 cents/gal FOB USG. However, a trader said that the US MX market was in a backwardation and shipping MX cargoes from Northeast Asia in March meant they will only reach the US earliest by April, which could be too late. In related prices this week, paraxylene rose $5/mt to $1,106/mt, meaning the spread PX-MX shrunk $19/mt on week to $414/mt on Friday. Meanwhile, naphtha rose $34.87/mt to $520/mt CFR Japan on Friday, leading the MX-naphtha spread to narrow $10.88/mt to $172/mt week on week. Meanwhile, the East China MX inventory level increased week on week by more than 40% to 100,000 mt this week, market sources said.