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Latest Petrochemicals News & Analysis

No major settlement reached for Aug paraxylene Asian Contract Price; 7th month without settlement
Singapore (Platts)--1 Aug 2014 234 am EDT/634 GMT

Japan's Idemitsu Kosan and JX Nippon Oil and Energy and South Korea's S-Oil have each finished negotiations for the August Asian Contract Price for paraxylene without reaching settlements, sources at the three companies said Friday, August 1. There are four PX ACP sellers in Asia: ExxonMobil, Idemitsu Kosan, JX and S-Oil.
Shrinking Chinese polyester margins: implications for paraxylene
May 09, 2014 16:00:00 EST

Amid slowing demand and a capacity glut, polyester margins are shrinking. And in turn, they have dragged feedstock paraxylene margins into the red. What does this portend? Vandana Hari, Asia editorial director, discusses the trend with Michelle Kim, senior editor, and Anton Ferkov, managing editor.
US shale boom impacts Asian petrochemicals
May 14, 2014 - The US shale gas boom has triggered a reversal of the mixed xylenes arbitrage with Asia, making it economical to send Asian material to the US, where the ongoing shift to lighter feedstocks has cut aromatics yields by as much as 55%, sources said.
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