The U.S. Paraxylene market started May on a positive note with a firm market price being supported by tight supply and stable downstream demand. There was a minor dip in feedstock naphtha prices, but good export interest and limited spot availability confirmed a bullish outlook for the market.
As a result, paraxylene prices settled at USD xxx/MT FOB Texas during the week ending xnd May, reflecting a x.xx week-on-week price increase. The second week saw a shift in market dynamics, as feedstock naphtha prices declined, but steady and cautious downstream demand led to softer sentiment. With supply slightly exceeding demand, the paraxylene prices declined by x.xx. Stronger export activity remained persistent within the market but was not enough to push prices higher due to constrained domestic consumption.
A marginal price recovery occurred in the third week as naphtha...
