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Latest Petrochemicals News & Analysis

NWE Jul paraxylene CP diverges for 1st time with alternative settlement at Eur995/mt, up Eur65
London (Platts)--31 Jul 2014 705 am EDT/1105 GMT

An alternative settlement for the July contract price for paraxylene in Northwest Europe was agreed Thursday at Eur995/mt ($1,333/mt) FD NWE, up Eur65/mt from June, industry sources said.
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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