Asian Isom-MX: FOB Korea increases $67-72/mt during week■ Spread
shrinks during the week■ China inventory shrinksAsian isomer-grade mixed xylene prices rose
$67-72/mt last week to $1.023-2.500/mt FOB Korea. They also increased $64-70/mt
$1,023-1,070/mt CFR Taiwan, and $15-20/mt $975-990/mt CFR China Aug. 12. South
Korea and Taiwan markets are tracking higher paraxylene, crude oil, and other
prices. Paraxylene
rose $59.33-65.50/mt to $1,112.33-1,140.50/mt in China/Taiwan, and the spread of
the PX-MX shrunk $7.67-8.50/mt during the week at $89.33-95.25/mt. The CFR China marker remained sluggish as Chinese domestic
prices were less bullish than the international market. On August 12, the September East China ex tank price was at
Yuan 7,590-7600/mt or approximately $967.40-1000.50/mt if you consider import
parity. The domestic East China MX stock
was reduced by almost 17% to 23,700mt over the week. However, there was no
strong...