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In early September, the global paraxylene market exhibited an atmosphere of caution, reflective of an overall bearish market tone, with both the U.S. and Germany facing declines due largely to weakening demand against balanced supply. The fact that domestic operating rates stayed relatively stable and paraxylene feedstock availability did not result in overly volatile prices led to the declines in the market. Weak consumption of paraxylene in downstream PET and PTA markets had an overall broader tone as did limit international interest that contributed to softer markets overall globally.
In the United States, the paraxylene export market had been under some pressure and prices fell by *.**, as key importers Canada and Mexico remained careful with purchases and had enough inventories to cover their needs. Paraxylene domestic demand from the PET Resin Bottle Grade and Purified Terephthalic Acid (PTA) maintained a steady pace, but...
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