Since late Jun, however, MX prices have been moving divergently again. As China lifted restrictions, demand for refined oil products recovers. Demand for MX from PX production picks up and MX supply is tight. Therefore, domestic yuan MX price rises rapidly while PX-MX spread narrows. After CFR China Read More

In the latter half of Jun, however, US gasoline price fell back, and Asia to US arbitrage narrowed. Asia MX price declined fast, while China domestic MX strengthened with demand for gasoline blending component recovering and PX plants increasing MX buying. China domestic to FOB Korea MX price spread Read More

outside China, due to the outbreak of Russia-Ukraine conflict, circulation of goods slowed down. US gasoline price spiked with increasing demand, driving up demand for blending components. With the widening of Asia to US arbitrage spread, Asian MX, toluene and PX prices soared in May. As of mid-Jun Read More

China PX plant average operating rate has been drifting lower since mid-Jun, down nearly 10 percentage points from the high point in mid-Jun as of Jul 22. Meanwhile, Asian PX plant operating rate outside China has been increasing slowly since Jul. Read More

Imports of spandex declined by 15.9% or 2,335 tons on the year to 12.4kt in in Jan-Jun, and the average import unit price was at $10.306/kg in Jan-Jun, up $1.499/kg y-o-y. Imports of spandex amounted to 1,764 tons in Jun, down 45.6% y-o-y and 49.4% m-o-m respectively, with import unit price averaged Read More

According to the latest data from China customs, exports of spandex amounted to 41.8kt in Jan-Jun, 2022, a year-on-year decrease of 9.5% or 4,404 tons. The average export unit price was at $8.874/kg in Jan-Jun, 2022, up by $1.003/kg on the year. Exports of spandex slipped by near 10% on the year in Read More