- PX marker above $1,100-1,040/mt- Shenghong restarts PTA Line



Supported by increases in naphtha, the
Asian paraxylene market grew March 28. The CFR Unv1/China paraxylene marker rose $13/mt to
$1,101/mt March 28. The CFR Japan naphtha
physical rose to $668.50/mt, compared to $649.25/mt yesterday. Although May trading laycans showed price strength due to
tight East supplies, cues for June laycans of paraxylene were not yet
available. Wanxiang and Hengli
Petrochemical made a trade for May cargo at $1,106/mt. However, there were no bids or offers for June laycans. Some participants still considered weak fundamentals to the
PTA market. The price of downstream
purified Terephthalic Acid was $820/mt CFR China in the intraday of March 28, a
decrease from the $825/mt CFR China assessment on March 24. Shenghong Petrochemical's 2.2 million mt/year No. Sources at the company said that 2...