For the Quarter Ending September 2025
North America
• In USA, the Paraxylene Price Index rose by 2.5% quarter-over-quarter, driven by firmer export interest.
• The average Paraxylene price for the quarter was approximately USD 834.33/MT, measured over Q3 2025.
• Paraxylene Spot Price softened mid-quarter while the Paraxylene Price Index reflected intermittent firmness from export flows.
• Paraxylene Production Cost Trend tightened on firmer naphtha benchmarks, narrowing margins for Gulf Coast producers.
• Paraxylene Demand Outlook remained tepid as PET bottle-grade orders softened, limiting upward Price Index momentum.
• Paraxylene Price Forecast shows volatility with mixed signals from export flows and seasonal downstream restocking.
• Inventory levels were comfortable, pressuring spot availability and keeping Paraxylene Spot Price under downward pressure.
• Operational stability at Gulf Coast units maintained supply, while export dynamics influenced the Paraxylene Price Index.
Why did the price of Paraxylene change in September 2025 in North America?
• Lower naphtha costs eased Paraxylene Production Cost Trend, reducing immediate cost-push into local Price Index.
• Weak export demand from Canada and Mexico tightened short-term purchasing, diminishing Paraxylene Spot Price support.
• Ample domestic supply and comfortable inventories limited refill urgency, pressuring the Paraxylene Price Index downward.
APAC
• In Japan, the Paraxylene Price Index rose by 1.79% quarter-over-quarter, driven by stronger export demand.
• The average Paraxylene price for the quarter was approximately USD 816.00/MT, reflecting modest seasonal demand.
• Paraxylene Spot Price swings reflected Paraxylene Production Cost Trend tightening amid naphtha spikes squeezing margins.
• Paraxylene Price Forecast indicates modest upside if naphtha firms and Chinese procurement resumes ahead seasonally.
• Paraxylene Demand Outlook is mixed; domestic PET supports demand while weak exports pressure Price Index.
• High inventories, muted export demand from China and Korea reduced seller leverage, pressuring Price Index.
• Naphtha swings drove margin pressure, prompting producers to raise offers and influencing Paraxylene Spot Price.
• Short-term outlook balanced; Paraxylene Price Forecast depends on naphtha trends, Chinese procurement, and PET restocking.
Why did the price of Paraxylene change in September 2025 in APAC?
• Weak export demand from China and Korea reduced buying, leaving excess supply that pressured offers.
• Modestly falling naphtha costs eased production expenses, enabling sellers to reduce FOB offers and margins.
• Elevated inventories and steady manufacturing rates created oversupply, while PET seasonality softened consumption and procurement.
Europe
• In Germany, the Paraxylene Price Index rose by 4.40% quarter-over-quarter, supported by precautionary buying amid logistics concerns.
• The average Paraxylene price for the quarter was approximately USD 869.67/MT, reflecting moderated domestic consumption and logistical influences.
• Paraxylene Spot Price movements were subdued as ample supply and cautious PET buyers limited spot transaction activity.
• Paraxylene Price Forecast indicates modest volatility with minor rebounds offset by seasonal PET weakness and inventory adjustments.
• Paraxylene Production Cost Trend showed limited upward pressure from naphtha, but cost pass-through remained constrained by weak demand.
• Paraxylene Demand Outlook is muted as PET bottle-grade consumption cooled and PTA converters maintained conservative procurement schedules.
• Paraxylene Price Index volatility reflected alternating logistic bottlenecks and ample import availability, producing range-bound trading behavior.
Why did the price of Paraxylene change in September 2025 in Europe?
• Weak downstream PET demand and PTA inventories reduced paraxylene offtake, driving downward price pressure in September.
• Stable to soft naphtha easing limited production cost inflation, preventing significant cost pass-through to regional prices.
• Port congestion and rail disruptions increased logistics friction, but ample inventories mitigated severe supply-driven price spikes.
For the Quarter Ending June 2025
North America
• In Q2 2025, the Paraxylene Price Index climbed upwards by about 1.29%, with prices growing from USD 850/MT in April to USD 861/MT in June on an FOB Texas basis.
• Amid healthy demand from downstream PET and PTA sectors, the Paraxylene Spot Price firmed up, buoyed by seasonal beverage packaging requirements, while polyester production remained steady.
• Why did the price of Paraxylene change in July 2025?
Prices witnessed an upward trend due to sustained buying interest and limited regional supply, although the pace of gain was capped by moderate feedstock availability and stable freight conditions.
• Logistics remained stable overall, with no major port delays or inland congestion, keeping supply chains largely uninterrupted during the quarter.
• The Paraxylene Demand Outlook for Q3 remains cautiously optimistic, with downstream PTA producers expected to ramp up run rates and PET consumption remaining seasonally strong.
• The Paraxylene Production Cost Trend remained steady, though higher crude oil values and benzene fluctuations slightly elevated input costs, narrowing producer margins.
• The Paraxylene Price Forecast for Q3 suggests marginal upward momentum, subject to global crude volatility and PET export orders.
APAC
• The Paraxylene Price Index rose by around 1.05% over Q2 2025, with average prices moving from USD 793/MT in April to USD 812/MT in June on a FOB South Korea basis.
• The Paraxylene Spot Price saw moderate gains, supported by improved Chinese PTA operating rates and increased Indian procurement for polyester production.
• Why did the price of Paraxylene change in July 2025?
Prices increased slightly due to stronger downstream PTA demand in China and improved regional export sentiment, although excess supply capped sharper gains.
• Persistent oversupply in Southeast Asia and competition among exporters kept margins tight despite higher feedstock naphtha values.
• Regional pricing faced pressure from supply chain normalization, and limited congestion or shipping rate volatility helped maintain delivery schedules.
• The Paraxylene Production Cost Trend in APAC saw mild increases linked to crude oil and naphtha fluctuations, pressuring margins for integrated producers.
• The Paraxylene Demand Outlook for Q3 indicates a stable trend, with continued PTA and PET expansion in India and Southeast Asia.
• The Paraxylene Price Forecast shows slight upward potential, though overcapacity may temper bullish sentiment.
Europe
• The Paraxylene Price Index in Q2 2025 edged up by approximately 0.54%, with monthly prices moving from USD 833/MT in April to USD 842/MT in June on a FD Hamburg Europe basis.
• The Paraxylene Spot Price was supported by marginal gains in the PET sector, though high inflation and downstream moderation kept demand under check.
• Why did the price of Paraxylene change in July 2025?
Prices rose slightly due to tighter supply amid delayed import shipments and mild restocking activity from converters, even as demand stayed sluggish.
• Germany and Belgium showed slightly higher spot purchases, while southern European regions maintained a conservative procurement stance.
• Inventory levels across the region remained balanced, with no significant stockpiling ahead of the summer months.
• The Paraxylene Production Cost Trend was stable, though profitability remained compressed amid modest feedstock cost rises and energy price volatility.
• The Paraxylene Demand Outlook for Q3 remains flat, as polyester consumption may plateau in the face of macroeconomic headwinds.
• The Paraxylene Price Forecast points to stable-to-soft pricing unless crude oil or PET demand sees a meaningful uptick.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American Paraxylene (PX) market experienced a mix of upward and downward trends, driven by fluctuations in feedstock prices and subdued demand. Prices showed a recovery in the last week of January, with PX prices rising to USD 894/MT FOB Texas. This increase was largely driven by higher production costs, attributed to rising crude oil and naphtha prices. However, the overall market sentiment remained bearish, as demand from key downstream sectors like PTA and polyester production remained weak.
Throughout the quarter, the supply side remained stable, with refineries maintaining production levels. However, weak demand, particularly from the petrochemical sector, continued to exert downward pressure on prices. Additionally, external factors such as economic uncertainty and global trade concerns further suppressed market activity, preventing any major recovery in PX prices.
By the end of Q1, the market remained cautious, with PX prices continuing to be influenced by external market factors and weak downstream consumption. As a result, while prices showed brief upward movement in January, the overall trend for the quarter was subdued, with the market facing challenges due to low demand and fluctuating feedstock costs.
APAC
In Q1 2025, the Paraxylene (PX) market in South Korea experienced fluctuations, with prices rising in the last week of January to USD 858/MT FOB Busan due to tightening supply conditions and the anticipation of lower production during the Lunar New Year holiday in China. These supply constraints, along with a cautious market sentiment driven by geopolitical uncertainties, helped push prices higher, despite weak demand from downstream sectors such as polyester.
Throughout Q1 2025, PX prices fluctuated due to a combination of supply-side factors and weak downstream demand. Early in the quarter, the market experienced a bearish trend, driven by declining consumer sentiment and reduced demand from the polyester sector. The downturn was further influenced by falling feedstock costs, particularly Naphtha, and weaker refining margins. Additionally, plant shutdowns and maintenance, especially in February and March, added to the supply-side pressures.
By March, prices continued to face downward pressure, largely due to sluggish demand from key sectors and weak exports. However, some signs of stabilization emerged towards the end of the quarter, as supply disruptions helped maintain a balance.
Overall, Q1 2025 for Paraxylene in South Korea was marked by a mix of price fluctuations, with rising prices in the last week of January, followed by a generally bearish trend due to weak demand and economic uncertainty.
Europe
In early Q1 2025, the Paraxylene (PX) market in Germany demonstrated a mixed price trend, beginning with a bullish phase in the early weeks of January. During the last week of January, PX prices stabilized at USD 851/MT due to a balance between rising upstream costs driven by higher crude oil and naphtha prices, and a subdued demand from the petrochemical sector. Despite challenges in polyester and PET demand, the fuel production sector supported PX prices due to increased gasoline and diesel consumption, particularly in response to colder weather in Germany.
In February 2025, PX prices remained stable, supported by consistent supply dynamics and steady production levels. However, the broader petrochemical sector faced challenges from high energy costs and growing competition, which limited demand growth. Refiners in Germany also adjusted their operations due to low refining margins, which reduced naphtha intake and indirectly impacted PX consumption for fuel blending. While prices did not fluctuate significantly, market participants were cautious, given the uncertain economic outlook and the subdued demand in key downstream markets.
By the end Q1 2025, PX prices turned bearish as logistical disruptions and rising feedstock inventories exerted downward pressure on the market. Weaker demand from both the petrochemical and fuel sectors exacerbated the decline. High gasoline inventories and limited refining activity resulted in decreased PX consumption in fuel blending, while the ongoing downturn in polyester demand further weakened the market. This shift in market dynamics led to a steady decline in prices, marking the conclusion of a mixed quarter for Paraxylene in Germany.
For the Quarter Ending December 2024
North America
In Q4 2024, the North American paraxylene market experienced a significant quarter-on-quarter decline of 9.8%. This was largely driven by a decrease in crude oil and naphtha prices, which lowered feedstock costs and, in turn, production expenses. The reduced production costs exerted downward pressure on paraxylene prices.
Additionally, the demand from the downstream petrochemical sector remained weak, which further supported the bearish market trend. Refinery output in the region also showed a decline, with refineries operating at reduced capacity. This reduction in refining activity, combined with an increase in crude oil inventories, contributed to lower crude oil prices, which impacted the broader petrochemical market.
Despite some fluctuations in crude oil prices, the stability in naphtha prices and weaker demand from key sectors, including fuel production and gasoline blending, contributed to a subdued market sentiment for paraxylene. The global economic environment, with uncertainties surrounding geopolitical tensions and inflationary pressures, also added to the overall slowdown. The North American paraxylene market remained under pressure, reflecting a challenging market landscape for the quarter.
APAC
In Q4 2024, the paraxylene market in the APAC region, particularly Japan, experienced a significant quarter-on-quarter decline of 11.5%. This downward trend was driven by weak demand from the downstream petrochemical and textile industries, especially the polyester sector, which is a key consumer of paraxylene. The overall market sentiment remained bearish, with continued oversupply in the market and a decline in crude oil prices, putting further pressure on production costs and prices. Despite a moderate increase in naphtha prices, the paraxylene market struggled with low margins, exacerbated by an oversupply of the product and weak demand fundamentals. In the upstream market, crude oil price fluctuations led to volatility, but the continued weak demand from key end-user industries like the packaging sector contributed to the overall price decline. Additionally, refinery margins were squeezed due to stunted profitability, resulting in some plant shutdowns. As a result, the paraxylene market in Japan faced significant challenges in Q4, marked by a notable price decline and subdued market activity.
Europe
In Q4 2024, the paraxylene market in Europe, especially in Germany, experienced a sharp quarter-on-quarter decline of 18.7%. The market faced numerous hurdles, including low demand from critical downstream sectors like petrochemicals and fuels, which led to significant downward pressure on prices. The textile and packaging industries, which are primary consumers of paraxylene, exhibited weak demand, further exacerbating the market downturn. Although naphtha prices saw some fluctuations, leading to changes in production costs, the overall impact on paraxylene prices was muted, as excess supply continued to outpace consumption. Additionally, Germany's economy showed signs of stagnation, which was reflected in lower business activity and reduced production levels across industries. The political instability in the country added to the uncertain market sentiment, further contributing to the declining trend. The refining sector also experienced challenges, with limited output from refineries, especially after maintenance periods. While there was an increase in heating oil purchases in anticipation of the winter season, overall demand for paraxylene remained subdued. Consequently, the European paraxylene market faced an overall downturn in Q4 2024.
