- Orthoxylene demand falls- Spot market for paraxylene remain illiquid



The European spot price for mixed xylenes
increased by $5.25/mt, to $175/mt, in the week to 5 May. Trades were
heard at the start and middle of this week. However, activity was limited
towards the end. A
producer stated that "demand has increased from gasoline
blenders." The paraxylene market in
Europe was quiet this week. Sources indicated that there was no demand for
the spot volume. Downstream PX demand was
also limited as PTA and PET were in short supply. The market participants said that the poor weather in
Europe was to blame, and the situation is not expected to improve anytime
soon  . Orthoxylene spot price in
Europe fell by $10-15/mt from the previous week. OX was $1,480-1,520/mt during
the week ending May 5. Orthoxylene prices continued to drop during
this week. The market...