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P-xylene facing oversupply in Asia as capacity builds

2:36 PM MDT | June 10, 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 capacity coming online in Asia over the next five years, and there is already evidence of oversupply. Asia’s p -xylene market has been volatile over the past six months, although little or no change in p -xylene prices is anticipated in the short term. The May p -xylene contract price stood at $1,400/m.t. fob Korea. The volatility in Asia p -xylene prices over the last couple of...

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