Source: YantraBazaar.com
http://yantrabazaar.com/et0106yb10201869TopStories02chemical13105.aspx
SINGAPORE (ICS news)–
Asian paraxylene (PX) prices have come off in recent weeks with producers struggling to generate margins as demand from downstream polyester market has waned, industry sources said on Thursday.
This price weakness, which may extend through to September, has also been exerting pressure on prices of its upstream isomer-grade xylene (IX).
The price spread between the two aromatics has fallen to $185/tonne (€130/tonne) on Wednesday, $15/tonne below the threshold of $200/tonne that PX producers need to cover their operation costs, according global chemical intelligence service ICIS pricing.
PX producers had enjoyed around $270/tonne profit margin in May but this has significantly declined to $20/tonne in August.
Spot PX prices have fallen about 9% to $1,045-1,055/tonne CFR Taiwan on Wednesday from 6 August levels, according to global chemical intelligence service ICIS pricing.
IX prices, meanwhile, were largely stable at $850-880/tonne CFR NE Asia on Wednesday from $850-870/tonne CFR NE Asia three weeks ago…… For detail, Please visit…
http://yantrabazaar.com/et0106yb10201869TopStories02chemical13105.aspx
