Chemical Update : Asian isomer-grade blended xylene costs were surveyed down $10/mt on the day at $679/mt




** Chemical Update

- Crude markers, naphtha retreat during Asian hours

- Demand remains lukewarm for isomer-MX

Asian isomer-grade blended xylene costs were surveyed down $10/mt on the day at $679/mt FOB Korea and down $9.50/mt CFR Taiwan Tuesday.

Front-month ICE Brent unrefined petroleum prospects, presently indicating the February contract, withdrew $1.80/barrel from the past session, to $61.34/b at 0830 GMT in Asian exchange Tuesday. Benchmark CFR Japan naphtha physical fell $30.63/mt on the day, remaining at $545.25/mt Tuesday (Chemical Update).

Flimsier fundamental unrefined prospects and naphtha marker burdened the Asian isomer MX showcase Tuesday.

The Asian isomer MX advertise traveled into the January exchanging cycles, however the estimation has been blended in with respect to the arrival of spot purchasing interests from key members, especially from China.

A few dealers were of the view that interest for isomer MX as feedstocks would before long surface, especially when new paraxylene units begin to commission their tasks.

Others were less hopeful on the heading of isomer MX. "Paraxylene edge is still awful and gas mixing likewise looks not as solid as the present moment," one broker said (Chemical Update).

Furthermore, stock of blended xylenes in East China dramatically increased from 15,400 mt in the week finished November 18, remaining at 35,300 mt as of December 2, showcase sources said. Stock volume of dissolvable xylenes remained at 7,500 mt.

East China's spot isomer-MX moved over pipeline was heard consulted in the scope of Yuan 5,920-5,950/mt at 0800 GMT Tuesday, or about $720.51/mt. The levels were a touch lower, versus $728.17/mt from last Tuesday (Chemical Update).

www.chemicalsprices.com


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