Asian PX spot prices power to over one-year high amid rally in Chinese futures

Asian paraxylene spot prices continued to rise Jan. 26 despite a subdued physical market as domestic downstream production slows down ahead of the Lunar New Year, reaching their highest in nearly 17 months largely on the back of a surge in Chinese futures. Platts, part of S&P Global Energy, assessed the Asian paraxylene CFR Taiwan/China and FOB Korea markers at $929.67/metric ton and $908.67/mt,Asian paraxylene spot prices continued to rise Jan. 26 despite a subdued physical market as domestic downstream production slows down ahead of the Lunar New Year, reaching their highest in nearly 17 months largely on the back of a surge in Chinese futures. Platts, part of S&P Global Energy, assessed the Asian paraxylene CFR Taiwan/China and FOB Korea markers at $929.67/metric ton and $908.67/mt,Read More