Paraxylene (PX) prices slipped in the United States on Wednesday, tracking declines in Asian benchmarks even as upstream mixed xylene (MX) values edged higher.
A US-based industry source told that, “PX prices in the US have decreased in line with falling paraxylene market values in Asia.”
On Wednesday, PX was assessed at USD 905–915/mt FOB US Gulf, down USD 10/mt from the previous day. In contrast, upstream MX strengthened slightly, assessed at 284.50–284.60 cents/gallon FOB US Gulf, up by 0.80 cents/gallon day-on-day.
In Asia, PX mirrored the bearish tone, assessed at USD 830–840/mt FOB Korea, also down USD 10/mt from Tuesday.
