The prices of Paraxylene remained notable stable in the week ending on xst November xxxx. According to the analysts at ChemAnalyst, the prices stabilized at USD xxx/MT FOB Texas USA. The prices remained unchanged as compared to the previous week. The stability in the prices was influenced by various factors such as raw material cost, production cost, geopolitical concerns and so on. The prices showed bearish market trend in the previous weeks due to interplay of various reasons.
In the USA market, due to the upcoming presidential elections, the market continued to show fluctuations. The crude oil market plummeted as the prices declined by x.xx to USD xx.xx bpd. The oil rigs count in the country remained unchanged in the previous week indicating stable output and supply in the market. The number of oil rigs can be considered as an indicator of short-term production in the country...
