Asian paraxylene prices rise daily: no MOC trades during
week- Polyester: PTA demand is weak in SEA- Indian
demand starts to weaken Asian paraxylene was valued up $7.75/mt at
$962/mt CFR Taiwan/China Nov. 18, with the CFR Taiwan/China marker falling
$56.33/mt to $962/mt. There
were no trades in the Market. The entire week saw the market remain
bearish about the prospects for polyester and PTA in Asia, particularly in
Southeast Asia and India. According to
a source, India was buying lower-priced Chinese PTA but Indian demand
was beginning to decline. Reliance
Industries in India was looking to sell low-priced spot PTA to the Indian
market, according to a source. However, this source could not confirm. According to market players, Asian contract negotiations are
continuing. They stated that PX buyers' buying and selling indications, as well
as PTA producers' selling and...