This week the market remains higher p-xylene

Spot: This week on the half-cycle of p-xylene (hereinafter referred to as PX) market remains upward trend, however, reduced gains Xiaban Zhou, due to Labor

Day comes. Rumors by tight supply and end-user support strong demand on Friday, the price rise again 30-40 U.S. dollars / ton to 1190-1200 U.S. dollars / ton

(CFR Taiwan / in the main port) ,1180-1190 U.S. dollars /    ton (FOB Korea). This week, the valuation for the 1155-1200 U.S. dollars / ton (CFR Taiwan / in the

main port) ,1150-1190 U.S. dollars / ton (FOB Korea).

The news of a China at up to $ 1210 traders / ton (CFR Taiwan / in the main port) price after the purchase of cargo in June, traders into the stock market,

and began to push up prices.

In publicly traded and OTC, traders on May cargoes half of a bid of up to $ 1,215 / ton (CFR Taiwan / in the main port) and $ 1,200 / ton (FOB Korea).

Although the contract settlement price of $ 1,000 in Asia / ton (CFR Asia) settlement price, much lower than expected price, but this has no effect on market

sentiment. If so, this will stimulate the end-users, especially in China, end users, more active buy stock. This is because the relative decline in the Asian

contract price makes the company more room to find a better spot price to maintain the operating rate of the operation.

Therefore, the end user's purchase intention     on Wednesday night raised prices, which a user is willing to up to 1100 U.S. dollars / ton (CFR in the main

port), or $ 1,110 / ton (CFR main port in the 90-day letter of credit) of the purchase price of the goods.

Strong end-user demand in Southeast Asia, Thailand and Indonesia devices for parking. A cargo of traders bid in May 1140 U.S. dollars / ton (CFR South East

Asia), while an end user that he might consider about $ 1,120 / ton (CFR South East Asia) the spot price of the goods purchased, but did not seller's price

and the price match.

Overall, supply is still moderate, traders and manufacturers to end-users do not need to look forward to the sale price of goods purchased. Some vendors

expect small traders and vendors will soon be again in the open market purchases.

Later this week, crude oil and naphtha prices to the market also hope that the possibility of rising energy products is expected to greatly optimistic about
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the performance of the downstream industry, therefore, para-xylene prices may soon even go higher.

While some market participants warned in May and June production of new capacity in China may reverse the current upward trend of such signs is also very

obvious, others said the short-term market is still optimistic.

This is because manufacturers in Japan and Southeast   Asia is still the majority of the market outlook is expected aromatic conservative, so they kept the

state operating rate operating in a relatively, in part because profit is the main product of benzene are not optimistic. Additional ocean-going cargo

arrived in Asia in June just before arrival at the same time, some of the parking device failure remains unresolved.

Most importantly, because the price exceeded $ 900 PTA / ton (CFR in the main port) and Dan levels, and maintain a Welding Wires  strong posture, and trying to break $

1,000 / ton mark, most market participants believe that prices still have room to rise xylene .