Asian Paraxylene: Increases due to tighter supplies and
higher operating rates- Operating rates to remain high- PX Supplies to Remain TightSources claim that prices for Asian
paraxylene increased on June 16, due to tightening supply and higher operating
rates at polyester plants. Asian
paraxylene was up $2.33/mt for the day, at $995.33/mt. Sources said that operating rates could remain high for the
foreseeable future, despite the fact that they have increased to 93%, despite
the weak demand within China. A trader in
China stated that exports to Southeast Asia and Africa may be helping polyester
plants. The trader stated that exports
were improving to Southeast Asian and African countries. Traders said that PX supplies could be limited due to
disruptions and turnarounds. China's
Shenghong Petrochemical reduces .The utilization rate of its reformer has
recently been reduced,...