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Asian Orthoxylene: Prices stable; Sinopeclisted values unchanged / Sinopec maintains listed prices at Yuan 8,300/mt / Mixed movements in downstream and upstream markets

Asian Orthoxylene: Prices stable; Sinopeclisted values unchanged / Sinopec maintains listed prices at Yuan 8,300/mt / Mixed movements in downstream and upstream markets

Apr 29, 2024

Price details were lacking. Market sources reported that tradeable indications for H2 May-early June loading were at $1,125/mt FOB Korea. No trades were reported. Pricedetails were lacking in detail.Tradeable indications for H2 May-early June loading wereat $1,125/mt FOB Korea, market sources said, with no tradesreported.Buy-and-sell levels were still wide, market sources said."The disconnect between buyer and seller in [the] OX [market]has been huge for some time," a trader said."This week [saw] no big changes compared with last week...Generally, [the] downstream market is quite slow, and most OXproducers are delivering contractual volumes to their contractualcustomers rather than spot selling," another trader said.In the Chinese domestic market, phthalic anhydride priceswere stable on the week at Yuan 7,600/mt ($879.41/mt), whilenaphthalene-based PA prices were down Yuan 100/mt on theweek at Yuan 7,275/mt, market sources...

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