Asian Paraxylene Falls $33.34-38.50/mt. Weighed by
downstream weakness■ The cost
of a PX-naphtha treatment is below $400-420/mt■ China's
imports of PX fell 20.65% year-on-year in MayAsian paraxylene ended the week of June 27,
on a bearish note. It fell $33.34-38.50/mt and $29.50-35.25/mt week-on-week to
$1,220-1,250/mt CFR Taiwan/China, and $1,200-1,35/mt FBO Korea July 1. Paraxylene's losses
coincided with the decline in crude oil prices as well as downstream purified
Terephthalic Acid futures in China. PTA
futures that were most traded in September fell by 2.93% to Yuan 6,286-6,350/mt. Despite the decreases, the paraxylene/naphtha spread fell
below $400-420/mt for only the second time in a month, to $388.58-400.25/mt. In
June, it averaged $507-556/mt. Operations
at Thailand's PTT No. Rayong's 1 aromatics
unit has resumed operations after a month-long maintenance period, according to
a source familiar. No. The No. According to a
source,...