Used in fibers and polyethylene terephthalate (PET) for plastic bottles.
The chart above shows the daily end-of-day Platts Global Paraxylene Price Index price in red and also displays the 20-day moving average in blue.
Paraxylene (PX) prices increased 2% in January, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals.
The average price was $1,602 per metric ton (/mt), up $37 from the December average of $1,565/mt. Xylene price gains were driven by global supply constraints.
Next chart: Platts Global Polypropylene (PP) Price Index
Global Petrochemical Prices Rose 6% in January on Tight Olefins Supplies
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