Asian Paraxylene Prices Drop on Crude

Asian Paraxylene: Declines $9/mt as crude slides / Crude drops $1.4/b DOD / Floating discussions remain in discounts

Jun 06, 2026

Asian paraxylene closed the week ended Nov. 21 on a soft note, sliding $9/mt day over day and $8/mt week over week to $823.67/mt, moving in tandem with the drop in feedstock naphtha and crude oil prices. Crude oil futures fell on Nov. 21 amid rising optimism over a potential US-backed plan to conclude the Russia-Ukraine war. At 4:30 pm Singapore time (0830 GMT), the ICE January Brent futures contract fell $1.40/b day over day to $62.54/b on Nov. 21. Meanwhile, the C+F Japan naphtha marker fell $11.25/mt day over day to $561.875/mt, widening the spread between PX and naphtha by $2.25/mt day over day to $261.795/mt. Amid the upstream volatility, physical discussions in the Asian PX market were heard to have been thin. During the Market on Close assessment...

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