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Asian Paraxylene: Prices inch up; outlook stillbearish / Middle East producers to focus on India / Hengli restarts PTA line after turnaround

Asian Paraxylene: Prices inch up; outlook stillbearish / Middle East producers to focus on India / Hengli restarts PTA line after turnaround

Mar 10, 2025

Asian paraxylene prices moved marginally higher day over dayMarch 7 on the back of a minor improvement in oil prices thoughdemand cues continued to look depressed.Asian paraxylene up 16 cents/mt day over dayat $834.33/mt CFR Taiwan/China March 7.PX oversupply concerns remained on the back of poordemand and ongoing turnarounds for PTA plants in Asia,sources said.However, PX producers in the Middle East are nottoo concerned about placing their supplies, a trader inSingapore said.Buying interest from India and parts of Southeast Asia are stilloffering hope, the trader said.“With limited cargo, [producers] can manage to place withinSouth Asia like India and Southeast Asia,” the trader said.Furthermore, as Turkey’s SaSa’s PTA plant starts production,Middle East PX becomes a better choice in terms of feedstocksupplies, sources said.China’s Hengli Petrochemical has restarted its 2.5 million-mt/year purified...

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