Asian paraxylene - Rises tracking upstream market- Asian refiners plan 2023 maintenance of aromatics
plants- March PX trades for paper spreads versus May PTAAsian paraxylene rose $1.75/mt to
$945.67/mt CFR Taiwan/China Nov. 25, January Brent crude futures rose $1.21/b to $85.91/b Nov.
25. The C&F Japan naphtha marker rose $12.25/mt to $699/mt. Sources cite turnarounds at South Korea’s GS Caltex No. 2 as
reasons for plant maintenance at Asian aromatics units by 2023. ExxonMobil's No. 3 aromatics unit at Yeosu in March-April
2023. 1, and No. 2 Singapore Aromatics Recovery units in February and May, and
South Korea's S-Oil’s Onsen No. 2
paraxylene units over June-July 2023. Sources
said that China's terephthalic acid inventories have exploded due to a lack of
demand. These inventories are sufficient for around 30-40 days. A healthy stock volume of around seven days...