- MX premiums slide- Activity restricted across the entire chain



European mixed xylenes saw another slow
week from Aug. 5 to Aug. 5, amid the summer holiday season. Sellers and buyers had
different pricing ideas. It
is difficult to make deals in such a market, according to a trader. While demand was slow, availability started to improve. Another trader stated that the market is well-supplied. MX premium over Eurobob gasoline was $244-260/mt. This was
stable on the day, and down $26-30/mt weekly. The first trader stated that there were few offers in the
downstream paraxylene markets because producers with low production margins and
low prices for PX were unwilling to supply in this spot market. Most producers supply only to fulfill their contractual
obligations. On Aug. 5, the PX five - to thirty-day forward spot prices were $1,165.50-1,200.50/mt, down
$167.25-200.50/mt. The...