- PX increases by $5-6/mt- Shenghong's PX plant startup
uncertain





Asian isomer-grade mixed xylene rose $14-20/mt
on the day to $962.50-980.50/mt FBO South Korea and $964.50-980.50/mt CFRUnv1
Sept. 20, due to higher upstream prices. CFR China was steady at $975-990/mt. The price of
Naphtha rose $19-25/mt, to $682.25-700.50/mt CIF Japan. Meanwhile downstream
paraxylene rose $5-6/mt, to $1,053-1,080/mt CIF Unv1/China. As the
company waits for government approval, it is uncertain if Jiangsu Shenghong
will open its new paraxylene refinery with a capacity of 4 million tonnes per
year. 20 citing a source close to the company. The start-up
of the refinery has been closely monitored by participants in the PX market.
This is because they are concerned that any additional PX entering China could
have a negative effect on the prices. Sources
claim that Chinese purified Terephthalic...