Wednesday, January 06, 2010

Strong performance by PTA strengthens spot paraxylene prices in Asia

After two weeks of stagnancy, spot paraxylene (PX) values for February delivery spiked by about fifteen dollars to US$1125-1135/MT CFR China Main Port (CMP) as per ICIS. News from China, Taiwan and Soouth Korea point to strong performance by key downstream purified terephthalic acid (PTA) that has boosted regional PX prices.

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