Asian
paraxylene - Increases in reports of upstream cutbacks, firm energy complex-  The
latest upstream run cut news improves sentiment-  Dec/Jan
Backwardation FirmsAsian
paraxylene ended the week Nov. 4 on an optimistic note. It climbed $36.42/mt
and $61.08/mt over the week to $1,022.33/mt CFR Taiwan/China and 1,002.33/mt
FOB Korea. However, the spread between paraxylene (and isomer-MX) on the CFR
basis increased marginally to plus $30.33/mt from $23.42/mt but it remained
impossible for integrated production. Asian isomer MX was buoyant by
gasoline-blending demand, and traders were heard again working on the Asia/US
arbitrage HTML1. Asian isomer-MX was buoyant by gasoline blendingb>
/b>demand and traders were heard working on the Asia-US
arbitrageb>. SK Innovation will close three CDUs that have a combined
capacity of 445,000 b/d, and a 100,000 b/d condensate splittingter in the fourth...