In the European xylenes market, the week ending April x, xxxx, brought mixed signals regarding the availability of Paraxylene alongside consistent demand. The prices remained silent during the week at USD xxxx/MT. Participants in the market expressed diverse views on spot availability, with some noting limited Asian imports and uncertainty lingering over potential production disruptions. Despite robust demand observed in the petrochemical and gasoline blending sectors, a bearish sentiment has permeated the market. This shift can be attributed to the increased supply of Naphtha in Europe, facilitated by arbitrage opportunities between the US Gulf Coast and the Arab Gulf, which have consequently exerted downward pressure on prices. Market participants have presented varying perspectives on spot availability, highlighting limited imports from Asia and lingering uncertainties regarding potential production hiccups. Nevertheless, customers have demonstrated a willingness to pay premiums for access to materials, although there have been observations of a...
