#Paraxylene (Px) Market

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Purified Terephthalic Acid (PTA) Prices: Trends, Factors, and Market Outlook

Purified Terephthalic Acid (PTA) is a key raw material in the production of polyester fibers, films, and resins. It plays a pivotal role in industries ranging from textiles to packaging, and its price fluctuations can have a significant impact on various supply chains and end products. PTA is primarily produced by oxidizing paraxylene (PX), and its demand is closely tied to the growth of the polyester industry. The price of PTA is influenced by a variety of factors, including raw material costs, energy prices, production capacity, and global demand trends.

In this article, we explore the key drivers behind PTA price fluctuations, analyze the current market situation, and provide insights into potential future trends.

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Overview of PTA

PTA is an organic compound that is used primarily in the production of polyester, which is one of the most widely used synthetic fibers in the textile industry. It is also used in the production of polyethylene terephthalate (PET), which is used in the manufacture of plastic bottles, films, and other packaging materials. PTA accounts for a significant portion of global demand for chemicals, particularly in emerging markets such as China, India, and Southeast Asia.

The global PTA market has witnessed steady growth over the past several years, largely driven by the growing demand for polyester and PET products. The demand for these materials is influenced by consumer trends in fashion, packaging, and automotive sectors. As global economies recover from disruptions caused by the COVID-19 pandemic, the PTA market is expected to continue to expand, albeit at varying rates depending on regional market dynamics.

Factors Affecting PTA Prices

Several key factors influence the price of PTA, and understanding these drivers is crucial for businesses involved in the supply chain of PTA-dependent products. These factors include:

1. Raw Material Costs

The primary raw material used in the production of PTA is paraxylene (PX), which is derived from crude oil. As a result, PTA prices are directly influenced by fluctuations in the price of crude oil and PX. When oil prices rise, the cost of PX increases, which in turn pushes up PTA production costs. Conversely, when oil prices fall, PTA prices tend to decrease. Given the global interconnectedness of oil markets, PTA manufacturers are particularly vulnerable to shifts in global oil supply and demand dynamics.

In recent years, the volatile nature of global oil prices, driven by geopolitical tensions, OPEC decisions, and shifts in demand, has created a degree of uncertainty in the PTA market. For instance, the surge in oil prices in 2024 significantly impacted the prices of PX and PTA, leading to higher production costs.

2. Supply and Demand Dynamics

The balance between PTA supply and demand is another critical factor influencing pricing. Overcapacity in PTA production can lead to price decreases, while periods of tight supply can push prices higher. For example, in 2023 and early 2024, there was an oversupply of PTA in certain regions, particularly in China, which led to price declines. Conversely, demand spikes, such as those driven by growing consumption of PET bottles and fibers in packaging and textile applications, can create upward pressure on prices.

Demand from emerging markets, particularly in Asia, is a key driver of PTA consumption. The ongoing expansion of the middle class in regions like Southeast Asia and India, coupled with increased demand for consumer goods and packaging, supports the overall growth of the PTA market.

3. Energy Prices

Energy costs, especially natural gas and electricity, play a vital role in PTA production. The production of PTA is energy-intensive, and any fluctuations in energy prices can directly impact PTA prices. For example, sharp increases in electricity or gas prices, particularly in regions that rely heavily on energy for manufacturing, can increase the production cost of PTA. This has been evident in recent years, where high energy prices in Europe have contributed to higher costs in the PTA sector.

4. Environmental Regulations and Sustainability Trends

Environmental concerns and sustainability initiatives are reshaping the chemical industry, including PTA production. Stricter environmental regulations regarding emissions and waste management in key manufacturing regions like China and Europe have raised production costs for PTA manufacturers. Furthermore, growing consumer demand for eco-friendly products and sustainable packaging is influencing PTA producers to adopt greener production methods. The shift towards recycling and the use of bio-based feedstocks could eventually lead to changes in PTA pricing structures.

5. Currency Fluctuations

Since PTA is traded globally, currency exchange rates play an important role in determining the cost of PTA in various regions. Fluctuations in the value of major currencies, such as the US dollar, the Chinese yuan, and the euro, can impact the relative pricing of PTA in different markets. A weaker US dollar, for example, could make PTA more expensive in countries where the currency is stronger, affecting the competitiveness of local PTA manufacturers and global trade.

Current PTA Price Trends

As of late 2024, PTA prices have been relatively stable, after experiencing significant volatility in the previous years. Prices saw a sharp rise in 2022 due to high raw material and energy costs, followed by a period of correction in 2023, as global demand stabilized and supply chains recovered from pandemic-related disruptions. In regions such as China, where PTA production is concentrated, price fluctuations have been closely linked to domestic supply-demand imbalances, as well as government policies on energy consumption and environmental compliance.

Currently, PTA prices remain influenced by global economic conditions, energy prices, and the ongoing shifts in raw material costs. Key regions such as Asia-Pacific and Europe continue to experience significant demand for PTA, though production costs vary based on energy pricing and government regulations.

Future Outlook

Looking ahead, PTA prices are expected to experience moderate growth, driven by the continued demand for polyester and PET products in packaging, textiles, and automotive industries. However, the rate of growth will largely depend on several factors, including:

Global Oil Prices: Fluctuations in crude oil prices will continue to be a critical factor in determining PTA prices, as oil remains a primary feedstock for PX production.

Shift Towards Sustainable Products: As sustainability becomes an increasing priority for manufacturers and consumers alike, there may be more investments in recycling technologies and bio-based alternatives to PTA. This could lead to price adjustments as new production methods and feedstocks are introduced.

Regional Market Dynamics: In emerging markets, such as India and Southeast Asia, the demand for PTA will likely continue to grow, supporting long-term price increases. However, competition and production capacity expansions may limit the extent of price hikes in these regions.

Geopolitical and Economic Factors: Trade policies, geopolitical tensions, and economic growth rates will also play a significant role in shaping the PTA market. For instance, any disruptions in the global supply chain or trade relations could impact PTA production and prices.

Conclusion

Purified Terephthalic Acid (PTA) is a vital commodity with a wide array of applications in textiles, packaging, and other industries. PTA prices are influenced by a complex set of factors, including raw material costs, energy prices, environmental regulations, and global supply-demand imbalances. As the market for polyester and PET products continues to grow, PTA prices are expected to experience moderate growth, though they will remain subject to fluctuations driven by economic, geopolitical, and industry-specific dynamics. Understanding these factors is crucial for businesses involved in the PTA supply chain and for those looking to navigate the complexities of global pricing trends.

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The global paraxylene (PX) market size reached US$ 49.7 Billion in 2023. IMARC Group expects the market to reach US$ 78.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

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Paraxylene Market is Expected to Grow at CAGR of 4.56% during the forecast period until 2032

The paraxylene market, a critical sector within the global petrochemical industry, has experienced significant growth and evolution in recent years. Paraxylene, commonly abbreviated as PX, is a vital raw material primarily used in the production of purified terephthalic acid (PTA) and dimethyl terephthalate (DMT), which are essential components in the manufacturing of polyester fibers, polyethylene terephthalate (PET) bottles, and polyester film. This market's dynamics are influenced by various factors, including economic conditions, technological advancements, geopolitical developments, and environmental regulations.

One of the primary drivers of the paraxylene market is the increasing demand for polyester products worldwide. The growing population, urbanization, and rising disposable incomes have led to a surge in the consumption of textiles, packaging materials, and other polyester-based products. As a result, the demand for paraxylene has remained robust, particularly in regions with burgeoning textile and packaging industries, such as Asia-Pacific.

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Asia-Pacific stands out as the dominant region in the global paraxylene market, accounting for a significant share of both production and consumption. Countries like China, India, and South Korea have emerged as key players, driven by their expanding manufacturing sectors and growing consumer markets. Moreover, the shift of textile and apparel manufacturing from developed economies to Asia-Pacific due to lower production costs has further bolstered the demand for paraxylene in the region.

In addition to Asia-Pacific, other regions such as North America and Europe also contribute to the paraxylene market's growth, albeit to a lesser extent. The mature markets in these regions primarily focus on technological innovations, process optimization, and sustainability initiatives to maintain their competitiveness. Furthermore, the increasing emphasis on recycling and circular economy principles has prompted manufacturers to explore alternative feedstocks and eco-friendly production methods, which could impact the future trajectory of the paraxylene market.

However, despite the promising outlook, the paraxylene market faces several challenges and uncertainties. Fluctuations in crude oil prices, geopolitical tensions, trade disputes, and regulatory changes can significantly impact the market dynamics. Moreover, the emergence of bio-based alternatives to conventional petrochemicals poses a long-term threat to the demand for paraxylene, especially in environmentally conscious markets.

In response to these challenges, industry players are increasingly focusing on diversifying their feedstock sources, improving process efficiencies, and investing in research and development to innovate sustainable solutions. Moreover, strategic partnerships, mergers, and acquisitions are becoming prevalent strategies to strengthen market positions, enhance supply chain resilience, and capitalize on emerging opportunities.

Looking ahead, the paraxylene market is poised for continued growth, driven by the expanding applications of polyester products, particularly in sectors like textiles, packaging, and automotive. However, achieving sustainable growth will require concerted efforts from industry stakeholders to address environmental concerns, enhance resource efficiency, and foster innovation. By embracing these challenges as opportunities, the paraxylene market can navigate towards a more sustainable and resilient future, ensuring its continued relevance in the global petrochemical landscape.

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The Paraxylene (PX) Market is segmented by application (purified terephthalate acid, dimethyl terephthalate, and other applications), end-user Industry (plastics, textile, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

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Paraxylene (Px) Market 2022 Key Players Data and Industry Analysis.

Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene. Paraxylene finds its largest application in large-scale manufacturing of terephthalic acid for polyester; also known as parylene. The production process of paraxylene is one of the most complicated among all the chemicals; simple crystallization of the xylene normally led to complex purification process owing to the formation of eutectic mixtures . It is manufactured by catalytic reforming of naptha, a petroleum derivative, and separated in a series of adsorption or crystallization, distillation, and reaction processes from ethyl benzene, o-xylene, and m-xylene. The melting point of Paraxylene is highest among other isomers of xylene.

Based on the Paraxylene (Px) market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.

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Key players in the global Paraxylene (Px) market covered :

Fujian Refining & Petrochemical Braskem JX Nippon Oil & Energy Pemex Toray Industries Reliance Industries Samsung Total Petrochemicals. ExxonMobil British Petroleum (BP) BASF Dragon Aromatics Chevron Phillips Chemical Kuwait Paraxylene Production

the basis of types, the Paraxylene (Px) market from 2015 to 2025 is primarily split into:

Bio-based Paraxylene Petroleum-based Paraxylene

the basis of applications, the Paraxylene (Px) market from 2015 to 2025 covers:

Dimethyl Terephthalate (DMT) Purified Terephthalic Acid (PTA) Dibutyl Phathalate Xylene (Di-PX) Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast :

North America

United States

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Russia

Others

Asia-Pacific

China

Japan

South Korea

Australia

India

South America

Brazil

Argentina

Columbia

Middle East and Africa

UAE

Egypt

South Africa

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Paraxylene (PX) Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2027

The Global Paraxylene (PX) Market report gives a comprehensive overview of the Paraxylene (PX) market scenario to present accurate forecasts of the upcoming years with special focus on the competitive landscape, market segmentation, current and emerging trends, and strategic recommendations to help readers gain a robust footing in the market. The report also focuses on the comprehensive analysis of the competitive landscape along with descriptive company profiles, market share, product portfolio, financial standings, market reach, global position, and strategic business expansion plans.  Market Size – USD 43.52 billion in 2018, Market Growth - CAGR of 9.3%, Market Trends – Growing demand from the APAC region

The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Paraxylene (PX) industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.

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Some of the players profiled in the report are BASF SE, BP PLC, Exxon Mobil, Mitsubishi Gas Chemical Co. Ltd., Reliance Industries Ltd., Chevron Phillips Chemical Company, SINOPEC, Saudi Aramco, JXTG Nippon Oil & Energy Corporation, and CNPC, among others.

The Global Paraxylene (PX) Market is segmented as follows:

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

Purified     Terephthalic Acid (PTA)

Dimethyl     Terephthalate (DMT)

Others

Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

Online

Offline

Industry Verticals Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

Electronics

Textile

Packaging

Construction

Others

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Market Segmentation by Regions:

·         North America (U.S., Canada)

·         Europe (U.K., Italy, Germany, France, Rest of EU)

·         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Paraxylene (PX) market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.

The Global Paraxylene (PX) Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.

Key Coverage of the Paraxylene (PX) Market:

•          Insightful information regarding the global Paraxylene (PX) market

•          Identification of growth in various segments and sub-segments of the Paraxylene (PX) market

•          Strategic recommendations for investment opportunities

•          The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate

•          Emerging trends and current market segment analysis to help investors formulate new business strategies

•          Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Paraxylene (PX) market to allow the reader to gain a complete understanding of the Global Paraxylene (PX) Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Paraxylene (PX) Market.

Global Paraxylene (PX) Market: Table of Contents

Chapter 1. Market Synopsis

   1.1. Market Definition

   1.2. Research Scope & Premise

   1.3. Methodology

   1.4. Market Estimation Technique

Chapter 2. Executive Summary

   2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Paraxylene (PX) Market Segmentation & Impact Analysis

Continued……….

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Polyethylene Terephthalate (PET) Prices | Pricing | Trend | News | Database | Chart | Forecast

 Polyethylene Terephthalate, commonly known as PET, is a highly versatile and widely used polymer in industries such as packaging, textiles, and consumer goods. Its applications in the packaging sector, especially for food and beverages, have driven significant global demand. PET’s lightweight, strong, and recyclable nature makes it the preferred material for manufacturing bottles, containers, and synthetic fibers. However, the price of PET is subject to fluctuations due to several interconnected factors that affect the overall supply and demand dynamics in the market.

One of the primary factors influencing PET prices is the cost of raw materials, particularly crude oil and its derivatives, such as paraxylene (PX) and monoethylene glycol (MEG), which are essential components in the production of PET. The prices of these feedstocks are closely tied to global oil prices, which can be volatile due to geopolitical tensions, natural disasters, and fluctuations in supply from major oil-producing regions. When crude oil prices rise, the cost of producing PET typically increases, pushing prices higher. Conversely, when oil prices fall, PET production costs decline, often leading to lower prices in the market. This strong correlation with oil prices makes PET a commodity that is sensitive to global economic conditions and energy market dynamics.

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Another important factor in determining PET prices is the balance between supply and demand in the global market. As the global economy grows, so does the demand for consumer goods, packaging, and textiles, all of which rely heavily on PET. Countries with rapidly growing populations and rising middle classes, such as China and India, have experienced significant increases in demand for PET-based products. This surge in demand can lead to tight supply conditions, driving up PET prices, particularly in regions where production capacity is limited. On the other hand, when there is an oversupply of PET, either due to increased production capacity or reduced demand, prices tend to fall.

Regional differences in supply chains and production capacities also play a significant role in shaping PET prices. Asia, particularly China, is a major producer and consumer of PET. Chinese producers have a dominant presence in the global PET market, which means that any disruptions in China’s production capabilities, whether due to environmental regulations, energy shortages, or other factors, can have a ripple effect on global prices. Meanwhile, regions like Europe and North America often rely on imports of PET, making them more vulnerable to price fluctuations driven by changes in international trade policies, tariffs, and shipping costs.

Seasonal demand trends can further contribute to variations in PET prices. For instance, the beverage industry, which is a significant consumer of PET, tends to see higher demand during the summer months, when consumption of bottled drinks peaks. This seasonal surge in demand can lead to temporary price increases as manufacturers scramble to secure enough PET to meet their production needs. Similarly, holiday seasons and special events can drive up demand for PET packaging, contributing to short-term price fluctuations.

In recent years, sustainability concerns have also influenced PET prices. Governments and environmental organizations worldwide are pushing for increased recycling rates and reduced reliance on virgin plastics. As a result, there is growing demand for recycled PET (rPET), which is produced by processing post-consumer PET products. The price of rPET can fluctuate based on the availability of recyclable materials, the efficiency of recycling processes, and regulatory incentives for using recycled content. In some cases, rPET prices may be higher than those of virgin PET due to the complexities of the recycling process and the need for high-quality feedstocks. However, as the global push for sustainability intensifies, the demand for rPET is expected to rise, potentially affecting overall PET market prices.

Technological advancements in PET production processes can also have an impact on prices. Innovations that improve production efficiency, reduce energy consumption, or enable the use of alternative feedstocks could lead to lower production costs, ultimately driving down PET prices. However, the adoption of new technologies can take time, and their impact on prices may not be immediate. Moreover, the costs associated with transitioning to more sustainable production methods or meeting stricter environmental standards can put upward pressure on prices in the short term.

Global economic conditions and trade policies also play a pivotal role in shaping PET prices. For instance, during periods of economic growth, consumer spending tends to increase, driving up demand for PET-based products. Conversely, during economic downturns, demand for these products may decline, leading to lower PET prices. Trade policies, including tariffs, quotas, and import/export restrictions, can also affect PET prices by influencing the flow of goods between countries. Trade disputes between major PET-producing and consuming nations can create uncertainty in the market, leading to price volatility.

Shipping and logistics costs are additional factors that influence PET prices. PET, like many other commodities, is often transported long distances from production facilities to end-users. Increases in shipping costs due to rising fuel prices, labor shortages, or disruptions in global supply chains can add to the overall cost of PET. Similarly, delays at ports or other transportation bottlenecks can lead to supply shortages, which in turn may drive up prices.

The COVID-19 pandemic had a significant impact on PET prices, as it disrupted supply chains, slowed down production, and altered consumer behavior. During the initial phases of the pandemic, there was a sharp decline in demand for PET due to lockdowns and reduced consumer spending. However, as economies reopened and demand for personal protective equipment, packaged food, and bottled beverages surged, PET prices began to recover. The pandemic highlighted the vulnerability of global supply chains and the need for greater resilience in the face of unexpected disruptions.

In conclusion, PET prices are influenced by a complex web of factors, including the cost of raw materials, supply and demand dynamics, regional production capacities, seasonal trends, sustainability efforts, technological advancements, economic conditions, trade policies, and shipping costs. Understanding these factors is crucial for businesses and consumers alike, as they navigate the ever-changing landscape of the global PET market.

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The period between 2021 and 2031 to mark the exponential growth of the Paraxylene (PX) Market

Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene.

Paraxylene finds its largest application in large-scale manufacturing of terephthalic acid for polyester; also known as parylene. The production process of paraxylene is one of the most complicated among all the chemicals; simple crystallization of the xylene normally led to complex purification process owing to the formation of eutectic mixtures . It is manufactured by catalytic reforming of naptha, a petroleum derivative, and separated in a series of adsorption or crystallization, distillation, and reaction processes from ethyl benzene, o-xylene, and m-xylene. The melting point of Paraxylene is highest among other isomers of xylene.

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Based on end-user application, the global paraxylene market can be broadly categorized as dimethyl terephthalate (DMT), purified terephthalic acid (PTA), dibutyl phathalate xylene (Di-PX), and others. PTA accounted for the largest share in the paraxylene market in 2013 owing to their increased use in the polyester chain. On the other hand, DMT was the fasted-growing segment in 2013.

In recent years, the demand-supply gap in the paraxylene market broadened owing to  increasing application of paraxylene in various other nontraditional applications  such as PET bottles. However, the production remains tight with limited number of manufacturers; owing to complicated manufacturing process associated with the paraxylene . Increasing use of PTA in polyester manufacturing is the most-dominant driver of the global paraxylene market. More than two-third of the total Paraxylene production was used in manufacturing pollster in 2013. Moreover, the rising demand for PET bottle resin  due to increasing use of PET in soft drink and mineral water bottles is further boosting the paraxylene market.

Increasing use of bio-based paraxylene in bioplastics PET bottles (Bio-PET) and other bioplastics applications such as catering utensils is creating new opportunities for the Paraxylene market.

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Asia Pacific is the largest market for Paraxylene followed by Europe and North America. Asia Pacific and RoW (including Latin America, the Middle East, and Africa) are two of the fasted-growing Paraxylene markets, which witnessed an above-average growth in recent years.

Country wise , China, the U.S., and India are some of the largest regional markets for paraxylene. China held the largest market share in 2013 in terms of regional consumption of paraxylene. The size of the peracetic acid market is relatively low in the RoW region. However, it is expected to witness healthy growth throughout the forecasted period, especially in petroleum-rich countries of the Middle East.

Some of the major companies operating in the global Paraxylene (Px) market include

British Petroleum (BP)

JX Nippon Oil & Energy

Reliance Industries

ExxonMobil

BASF

Braskem

Chevron Phillips Chemical

Dragon Aromatics

Fujian Refining & Petrochemical

Toray Industries

Pemex

Kuwait Paraxylene Production

Samsung Total Petrochemicals.

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Para-di-methyl benzene, commonly known as Paraxylene (PX), market has continued to grow since the start of the month. Prices of Paraxylene have shown increment for the 4th week in a row on the back of high demand fundamentals from downstream Dimethyl Terephthalate (DMT) and Polyethylene Terephthalate (PET) industries. As a result, after a period of progress, Paraxylene prices in China were assessed at USD 1166 FOB Shanghai, while quotations in the United States for March were reported at USD 1282/MT FOB Texas.