Asian Orthoxylene - FOB Korea - $60-65/mt; other markets
stable- Prices for PA are still under pressure- MX rebounds during the weekAsian orthoxylene was stable week-on-week
at $1.050-2.500/mt in China and $1.100-2.500/mt in Southeast Asia. The FOB
Korea marker was down $60-65/mt to $1,080-1,120/mt. Bearishness is still
prevalent in Asia. According
to a trader, although there was some interest from China in August arrival
cargo, he doesn't intend to sell to China right now due to logistical problems,
particularly with river ports. He prefers
to sell to Europe, South Asia, or Southeast Asia. Traders claimed that CFR China cargoes had buyers at
$1,020-$1,050/mt. However, this was not confirmed by end-users. End-users in China stated that OX was priced at Yuan 8,000-8,500/mt,
or slightly higher. OX-based Phthalic Anhydride is Yuan 7,300-7,500/mt right
now. Although Sinopec's list...