During the first two weeks of April, Paraxylene prices experienced diverging trends in the U.S. and Germany amidst movements in upstream costs, market dynamics, and supply factors in their local markets.
Paraxylene prices in the USA edged upward slightly in the first week of April, with slight rise in feedstock naphtha prices. This minor cost-driven gain occurred despite relatively steady demand from PTA and PET sectors, allowing supply-demand fundamentals to remain consistent. Paraxylene production from major operators throughout the U.S. was maintained with no interruptions, allowing sufficient availability of Paraxylene and manageable inventory levels. Supply issues were not reported during the week.
However, during the second week of April, Paraxylene prices began to decline, primarily with lower feedstock naphtha prices driven by lower crude oil prices. Despite steady demand from the downstream PTA and PET sectors, whose prices held...
