European Xylenes - Summer holiday period halts market activity■ MX premiums ended the week lower■ OX demand has been weakenedlimited. Despite talk of slight
increases in availability and subdued demands, premiums for European MX
continued to fall. The MX premiums fell by
$20/mt and $50/mt over the week, respectively. According to a trader, consumers are reluctant to accept
offers from producers. Sources say that
concerns about high inflation and fears of recession have impacted demand for
mixed-xylenes. The market was muted due to the limited availability of paraxylene throughout Europe. The market has been lacking in buying appetite. According to a source, there are still no offers on the
market. On July 29, the PX five-to-30 day
forward spot price was $1,332.75/mt. This is $82/mt less than last week. According to sources, there has been a decline in demand for...