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Markets :: Basic Chemicals :: Petrochemicals :: Terephthalic acid

Asia p-xylene market shows signs of oversupply, due partly to new capacity

7:23 AM MDT | June 3, 2013 | Francinia Protti-Alvarez

Asian para-xylene (p-xylene) producers have been faring better than their North American and European counterparts. However, p-xylene market dynamics could be altered by new capacity coming online in Asia over the next five years, and there is already evidence of oversupply. The Asian p-xylene market has been fairly volatile over the past six months, although little or no change in p-xylene prices is anticipated in the short term. The May Asian p-xylene contract price stood at $1,400/m.t. fob Korea. Asia p-xylene prices have been volatile over the...

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