paraxylene Pricing Assessment

Markets Covered:

Belgium

Brazil

China

France

Germany

India

Indonesia

Japan

Mexico

Netherlands

Portugal

Saudi Arabia

Singapore

Korea

Spain

Thailand

United States

Paraxylene Price Trend, Analysis and Forecast

In Q1 2024, the global Paraxylene market saw an increase-stabilized trend, particularly in South Korea, a major player in the Asia-Pacific (APAC) region. Prices in South Korea were reported at $1015/MT, showing a modest rise of +0.66% from the previous quarter. This slight increase was primarily driven by rising demand for polyester production as Paraxylene is a key raw material used in making purified terephthalic acid (PTA), which is essential for polyester fibers. The resurgence of the textile and packaging industries further fueled the demand. Additionally, supply chain disruptions due to geopolitical tensions and fluctuating crude oil prices exerted upward pressure on production costs, contributing to the price stability during this period.

In Q2 2024, Paraxylene prices in South Korea experienced a slightly negative trend, dropping to $1010/MT, a -0.33% decrease from Q1. This marginal decline was influenced by a temporary oversupply in the market, as several producers ramped up their production capacities to meet the expected demand from the downstream polyester industry. However, weaker-than-expected demand from the textile sector, particularly in China and India, led to a softening of prices. Globally, crude oil prices saw some moderation during this period, further contributing to the stabilization of Paraxylene prices. In Japan and India, similar trends were observed, with minor fluctuations driven by regional demand and refining activities.

By Q3 2024, the Paraxylene market saw a more pronounced downturn, with prices in South Korea dropping to $940/MT in July, a -5.05% decline from June. This was largely due to a combination of factors, including a significant slowdown in demand from the polyester and textile industries, as global economic uncertainties, inflation, and reduced consumer spending led to lower production needs. Additionally, increased availability of Paraxylene due to higher refinery outputs in the Middle East and Asia contributed to the oversupply situation. Global crude oil prices remained volatile, but improved logistics and more efficient shipping routes helped ease supply chain challenges, which further influenced the price drop.

Looking ahead to Q4 2024, the Paraxylene market is expected to stabilize, although some volatility could persist due to global economic conditions. Demand from the polyester and packaging industries may see a slight uptick as the festive season approaches, boosting production requirements. In South Korea, Japan, and India, the market is likely to remain cautiously optimistic, with price fluctuations largely dependent on global crude oil trends and the pace of recovery in downstream industries such as textiles and packaging. Overall, the Paraxylene market may experience moderate price movements as it navigates these external pressures in the upcoming quarter.

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is your trusted resource for tracking global paraxylene price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the paraxylene market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence paraxylene prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely paraxylene market data.

Track 's paraxylene price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in paraxylene prices

Russia-Ukraine Conflict (2022-Present): The ongoing conflict has disrupted supply chains and energy supplies, leading to increased production costs and global price volatility for paraxylene, particularly in Europe.

Global Supply Chain Disruptions (2021): Following the COVID-19 pandemic, various logistical challenges, including shipping delays and port congestion, affected the availability of paraxylene, causing price spikes.

COVID-19 Pandemic (2020): Initially, demand for paraxylene dropped due to economic slowdowns. However, as the economy began to recover, demand surged, particularly for packaging materials, leading to price increases.

Geopolitical Tensions (2018-2019): Trade disputes, particularly between the U.S. and China, created uncertainty and instability in the paraxylene market, impacting prices due to disrupted supply chains and changes in trade policies.

Asian Demand Surge (2015-2017): Rapid growth in Asia, especially in countries like China and India, drove increased demand for paraxylene, particularly for polyester production, contributing to price rises during this period.

These events underscore the paraxylene market’s sensitivity to global disruptions and highlight the importance of continuous monitoring of supply-demand dynamics.

Methodology and Specifications

paraxylene Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions for paraxylene.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major paraxylene production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire paraxylene supply chain, from raw material availability (e.g., reformate, toluene) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact paraxylene prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or earthquakes, on paraxylene production facilities, particularly in vulnerable regions like the Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., textiles, plastics), to predict shifts in paraxylene demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global paraxylene production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming paraxylene production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including textiles, automotive, and packaging. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global paraxylene pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast paraxylene prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable paraxylene pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

106.16 g/mol

CAS No

106-42-3

HS Code

29024300

Molecular Formula

C8H10

paraxylene

Paraxylene is also known as PX or P-Xylene. Para xylene is a colourless, flammable liquid that has a sweet odour. Paraxylene is primarily used as a basic raw material in the manufacture of purified terephthalic acid (PTA). PTA and MEG produce polyethylene terephthalate (PET) saturated polyester polymers.

Packaging Type

Drum (180 Kg) (Domestic), Tanker (Import-Export)

Grades Covered

Industrial Grade (>99%)

Incoterms Used

FOB Port Of Singapore, FOB Jeddah, FOB Busan, FOB Houston, FD Antwerp, FD Rotterdam, FD Le Havre, FD Hamburg, Ex-Mumbai, CIF Sines (Saudi Arabia), CIF Shanghai (South Korea), CIF Santos (USA, South Korea), CIF Nhava Sheva (Singapore, Saudi Arabia), CIF Manzanillo (USA), CIF Laem Chabang (Singapore), CIF Jakarta (Singapore), CIF Houston (South Korea, Saudi Arabia), CIF Barcelona (Saudi Arabia)

Synonym

P-METHYLTOLUENE, BENZENE, P-DIMETHYL

Quotation Terms:

15-20 MT (Domestic), 25-30 (Import-Export)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Properties	Specification
Appearance (Clarity)	Clear
Appearance (Colour)	Colourless
Appearance (Form)	Liquid
Assay (GC)	Min. 99%
Refractive Index (20°C)	1.495-1.497
Density (g/ml) @ 20°C	0.859-0.861
Boiling Range	137-139 °C

Applications

Paraxylene (PX) is an aromatic hydrocarbon widely used in the petrochemical industry due to its key role in producing various important materials. The major applications of paraxylene include: Production of Purified Terephthalic Acid (PTA): The primary application of paraxylene is in the production of PTA, which is a key raw material for manufacturing polyethylene terephthalate (PET). PET is used in making plastic bottles, packaging materials, and polyester fibers. Polyester Fibers and Fabrics: Paraxylene, via PTA, is essential in the production of polyester fibers and fabrics. Polyester is widely used in the textile industry to manufacture clothing, home furnishings (such as curtains and upholstery), and industrial fabrics. Polyester Resin Production: PET resins, derived from paraxylene, are extensively used in the production of plastic films, containers, and packaging materials due to their durability, flexibility, and recyclability. Plastic Packaging: PET, made from paraxylene, is commonly used for food and beverage containers, particularly plastic bottles for soft drinks, water, and other beverages. The clear, strong, and lightweight properties of PET make it ideal for packaging. Engineering Plastics: Paraxylene derivatives are also used in the production of high-performance plastics that are used in various engineering applications, such as automotive components, electronics, and other industrial equipment.

Disclaimer

Paraxylene price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for paraxylene. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the price of Paraxylene? +

The price of Paraxylene is influenced by several key factors, including crude oil prices, supply and demand dynamics, production costs, and geopolitical tensions. Fluctuations in feedstock prices, particularly for naphtha and toluene, also play a significant role. Additionally, market demand from end-use industries such as textiles, plastics, and automotive can create upward or downward pressure on prices. Staying informed about these factors can help procurement heads make better purchasing decisions.

How can I predict future Paraxylene price trends? +

To predict future Paraxylene price trends, it's essential to monitor market reports and analyses from reputable sources. Factors such as global economic conditions, changes in oil prices, and shifts in manufacturing demand must be considered. Utilizing pricing models that account for historical data, current market dynamics, and future supply forecasts can also aid in making informed predictions. Collaborating with market experts and subscribing to analytics services can provide valuable insights for procurement strategies.

What strategies can I implement to manage Paraxylene price volatility? +

To manage paraxylene price volatility, procurement heads can adopt several strategies. First, consider establishing long-term contracts with suppliers to lock in prices and ensure stable supply. Diversifying sourcing options can also mitigate risks associated with single suppliers. Additionally, keeping an eye on market trends and adjusting procurement schedules based on price forecasts can help optimize purchasing decisions. Finally, engaging in strategic stockpiling during lower price periods can provide a buffer against future price increases.