Paraxylene PX prices – ExxonMobil Key buyer in Asia South Korean S-Oil Idemitsu Kosan JXTG Nippon SK Global Chemical (SKGC) – - Arhive
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The first price request for paraxylene from buyers in Asia was named at the level of USD750 per tonne
MOSCOW ( Market Report ) – The first price request for the purchase of paraxylene by end consumers in Asia was announced at USD750 per tonne, ICIS sources told the market on Wednesday.
This is USD140 per tonne lower than the best price offers given by the Japanese JX Nippon Oil & Energy and South Korean S-Oil.
In addition, ExxonMobil yesterday lowered the June contract price of paraxylene for supplies in Asia at USD10 per tonne to USD890 per tonne, CFR Asia.
The largest producers of paraxylene in the Asian markets within the last seven days announced their price proposals for the June supplies of the material at the level of USD890-915 per ton.
It is expected that the talks on the June contract price of paraxylene in Asia today will be under way, as this is the last working day of the month.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week.
Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high. According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
Mrcplast.ru
Author: Margarita Volkova
Category: General news
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Key buyer in Asia raised bid to buy paraxylene at USD25 per tonn
MOSCOW ( Market Report ) – One of the key consumers of paraxylene in the Asian contract market raised its price bid for the purchase of paraxylene by USD25 per tonne, to USD785 per tonne, ICIS sources told the market.
This means that the gap between the current applications for the purchase of paraxylene in the Asian market from the end consumers and the price proposals from the largest material producers in the region has now narrowed to USD785-840 per tonne, CFR Asia, after producers lowered their bids to Level in USD840 per tonne, CFR Asia.
Negotiations on June contract prices are currently under way and should be completed tonight, as this is the last working day of the current month.
Earlier it was noted that the first price request for the purchase of paraxylene by end consumers in Asia was announced at the level of USD750 per ton, which is USD140 per ton lower than the best price offers, which were initially given by the Japanese JX Nippon Oil & Energy and South Korean S-Oil.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week.
Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high. According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
Mrcplast.ru
Author: Margarita Volkova
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S-Oil reduced June contract prices of paraxylene in Asia by USD50 per tonn
MOSCOW ( Market Report ) – South Korean company S-Oil has lowered contract prices of paraxylene for June deliveries to the Asian region by USD50 per ton from the originally announced level, ICIS sources told the market on Wednesday.
Thus, for June shipments, the company’s paraxylene price will be at USD840 per tonne, CFR Asia, not USD890, as announced earlier.
The company reduced its contract prices to the same level as other major paraxylene producers in the Asian region – South Korean SK Global Chemical and Japanese JXTG Nippon Oil & Energy and Idemitsu Kosan.
Current bids for the purchase of paraxylene in the Asian market are in the range of USD730-760 per tonne, CFR Asia.
Negotiations on June contract prices are currently under way and should be completed tonight, as this is the last working day of the current month.
Earlier it was noted that S-Oil in May lowered the contract price of paraxylene in Asia by USD40 per tonne – to USD850 per tonne, CFR Asia, from the initially announced prices of USD890 per ton.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week. Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high. According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
S-Oil Corporation is an oil refining company headquartered in Seoul, South Korea. It was established in 1976 and was formerly known as SsangYong Refinery. The company is one of the most profitable energy companies in South Korea.
Mrcplast.com
Author: Margarita Volkov
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Idemitsu Kosan lowered June contract prices of paraxylene in Asia by USD75 per tonne
MOSCOW ( Market Report ) – Idemitsu Kosan, one of the largest Japanese petrochemical companies, announced a contraction of paraxylene prices for June deliveries to the Asian region by USD75 per tonne from the originally announced level, ICIS sources told the market on Wednesday.
Thus, for June shipments, the company’s paraxylene prices will be at USD840 per tonne, CFR Asia, not USD915, as announced earlier.
The company lowered its contract prices to the same level as other major paraxylene producers in the Asian region – South Korean SK Global Chemical and Japanese JXTG Nippon Oil & Energy.
Current bids for the purchase of paraxylene in the Asian market are in the range of USD730-760 per tonne, CFR Asia.
Negotiations on June contract prices are currently under way and should be completed tonight, as this is the last working day of the current month.
Also, the largest manufacturers of paraxylene in Asia are S-Oil and ExxonMobil.
Earlier it was noted that for May deliveries Idemitsu Kosan reduced contract prices of paraxylene by USD45 per ton – up to USD860 per ton, CFR Asia, from the originally declared level of USD905 per ton.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week.
Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high. According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
Idemitsu Kosan is a Japanese oil company that owns oil platforms and
Refineries. The company produces and sells oil and petrochemical products. She runs two petrochemical plants in Chiba and Tokuyama. The capacity of two cracking plants is 997 thousand tons of ethylene per year.
Mrcplast.ru
Author: Margarita Volkova
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JXTG Nippon cut contract prices for paraxylene in June by USD50 per tonne
MOSCOW ( Market Report ) – JXTG Nippon Oil & Energy (part of Nippon Oil Corporation), a major petrochemical producer in Japan, has lowered the June contract price of paraxylene for deliveries to Asia by USD50 from the originally declared level, ICIS market participants said.
Thus, for the June shipments, the company’s paraxylene price contract will be USD840 per tonne, CFR Asia, not USD890, as previously announced.
This decline in prices is similar to the same drop in quotations of South Korean SK Global Chemical, which was the first major producer of paraxylene in Asia to announce a change in contract prices for the material.
Current bids for the purchase of paraxylene in the Asian market are in the range of USD730-760 per tonne, CFR Asia.
Negotiations on June contract prices are currently under way and should be completed tonight.
Earlier it was noted that JXTG Nippon Oil & Energy for May delivery lowered its contract price of paraxylene by USD55 per tonne – to USD850 per tonne, CFR Asia, from the originally declared level of USD905 per ton. In April, the company lowered its contract prices by USD75 per ton, in March they were at the level of USD980 per tonne, CFR Asia (growth by USD20 per tonne), and in February – at USD960 per ton, which is USD30 higher than the price level in January.
Other major paraxylene producers in Asia are S-Oil, Idemitsu Kosan and ExxonMobil.
Paraxylene is a raw material for the synthesis of terephthalic acid – a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week. Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high. According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
Nippon Oil Corporation is Japan’s largest oil company.
Its activities include exploration, import and processing of crude oil; Production and sale of petroleum products (ethylene, propylene, butadiene, styrene, paraxylene, orthoxylol, etc.), including fuels and lubricants. In recent years, the company has expanded its production facilities in other countries. Its products are sold under the brand ENEOS.
Mrcplast.ru
Author: Margarita Volkova
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SKGC lowered the contract price of paraxylene for June deliveries to Asia by USD60 per tonne
MOSCOW ( Market Report ) – SK Global Chemical (SKGC), one of the largest petrochemical producers in South Korea, has lowered the June contract prices for paraxylene for deliveries to Asia at USD60 per tonne from the originally declared level, ICIS sources told the market.
Thus, for the June shipments, the company’s paraxylene price contract will be USD840 per tonne, CFR Asia, not USD900, as previously announced.
This was the first change in contract prices for paraxylene from the largest material producers in the Asian region.
Current bids for the purchase of paraxylene in the Asian market by end-users are in the range USD730-760 per tonne, CFR Asia.
Negotiations on June contract prices are currently under way and should be completed tonight.
As MRC reported, in late April, SKGC lowered the contract price of paraxylene for May deliveries to the Asian region by USD40 per tonne compared to the initial declared level – to USD860 per tonne, CFR Asia.
In April, the level of SKGC’s contract price was USD910 per tonne (decrease by USD60 per ton in relation to the previous month), and in March – USD970 per ton (increase by USD20 per ton (against February).
Paraxylene is used as a raw material for the synthesis of terephthalic acid, a semi-product for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , PET prices on the Russian spot market were announced last week in the corridor of 78,000-83,000 rubles. Per ton, FCA, including VAT, and remained stable throughout the past week.
Despite the seasonal factor, the demand in the PET market is estimated by the sellers as not very high.
According to one of the sellers, this year the season in the PET market started quite late. This is due to late spring and cold weather in early May.
SK Global Chemical is a division of SK Group, the first Korean oil refinery operating for more than 50 years. SK Group has more than 70 thousand employees who work in 113 offices around the world. Its largest enterprises produce mainly petrochemical products.
Mrcplast.ru
Author: Margarita Volkova