Paraxylene Price, News, Demand & Supply | ChemAnalyst

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Paraxylene
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Asia   Demand in the Asian Paraxylene market
gradually dropped under dull offtakes for the
derivative PTA due to planned maintenance
turnarounds in several PTA facilities.
Manufacturers were heard operating at a
comparatively lower rate than previous quarter
due to the fragile production margins being
encountered by the end-use industries. Resumption
of operations at certain plants like Dongying
Weilian Chemical and Sinopec Hainan in the
manufacturing hub China further pressurized the
market fundamentals of Paraxylene in the quarter
ending September 2020. Get more info
https//www.chemanalyst.com/Pricing-data/paraxylen
e-26   Europe   Ample supply amidst subdued
demand in the region on the back of weakened PTA
resulted in an overall dull market of Paraxylene
in Q3 2020. Supple inventories of the product
left no room for the sellers to spread their
profit margins. To assist the hovering
fundamentals, few European producers were seen
implementing production cuts, but certainly, it
was not enough to rebound its hovering
sentiments. Owing to the reduced regional demand,
spot activities were extremely limited as buyers
restrained to buy volumes pressured under the
present demand uncertainty.
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Paraxylene
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
North America   Market sentiments of Paraxylene
remained healthy under restricted supply of
feedstock Mixed Xylene due to unplanned shutdown
in one refinery followed by maintenance
turnaround in another refinery. Shortage of
aluminum strengthened the demand for PET bottles
and containers thereby propelling the demand for
feedstock Paraxylene. However, sudden paucity of
the co-feedstock MEG for PET production amidst
series of indefinite turnarounds implemented
under the fears of Hurricane Laura, created
bottleneck for production of PET, thus parallelly
lowering Paraxylene profit margins towards the
end of the quarter. How we can help ChemAnalyst
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projects globally. Services Market
Analysis   Company-wise installed capacity,
production volume and plant operating efficiency
is captured directly from manufacturers. Import
and Export volume is captured from government
sources and demand for Paraxylene is calculated
considering the production, import, export and
inventory-levels on the country and regional
level markets.
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Paraxylene
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Pricing Analysis   Paraxylene price is correlated
with the price trend of crude oil, demand-supply
fundamentals, and with that of its derivatives
such as Dimethyl Terephthalate (DMT) and
Polyethylene Terephthalate (PET).   Company
Profile                Basic details and
information on financial performance of leading
global players in the Paraxylene market is
presented in a visually captivating manner.
Expansion plans and the companys strategy is
also captured to understand the vision and
mission of the company to help understand the
areas where companies need to focus more.   News
Deals   Daily updates on industry-specific and
product-specific news, exclusive primary-based
news capturing plant shutdowns/outages/closures,
capacity expansions, operating rates, insights on
demand-supply situation, awarding of technology
licenses, new product launch and deals specifying
mergers and acquisitions, strategic investments
and disinvestments, to help players capitalize on
market opportunity. Methodology ChemAnalyst
gathers information through primary research
surveys conducted with various Paraxylene
manufacturers, spread across the domestic and
international market, suppliers and
dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
companys annual reports and secondary sources
such as exhaustive search on credible paid
databases, including our internal database is
done to verify the information. All the collected
information is analyzed, evaluated and presented
in chronological order to depict a meaningful and
clear picture of the concerned market.

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Paraxylene
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Our dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Paraxylene market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility.   Critical
examination of the impact of COVID-19 pandemic on
the global supply chains and shift in demand
patterns with change in buying behavior of
consumers across the globe.   Several ongoing
development projects across industries are
tracked, followed by the details of major
projects in the development stage, which can
positively or negatively influence Global
Paraxylene market.   Pricing is captured
through exhaustive primary interviews with
domestic and international manufacturers, traders
and importers and customers on weekly, monthly
and yearly basis.   Finally, region-specific
markets for Paraxylene are analyzed
and region-wise demand pattern is
tracked.
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Paraxylene
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
About Paraxylene is an aromatic crude
derivative, distilled from the mixed xylene
stream. Paraxylene is the supreme feedstock for
Dimethyl Terephthalate (DMT) and Polyethylene
Terephthalate (PET). The two products are widely
utilized to produce PET, which is further
utilized to produce Polyester fibers, PET film,
and PET solid-state resin. In addition, a minor
share of Paraxylene is consumed to manufacture
solvents and di-paraxylene and herbicides.
Paraxylene is produced through catalytic
reforming of Naphtha and extracted from the C8
mixed xylene stream containing Para xylene, Meta
xylene, Ortho xylene and Ethyl Benzene. Few other
methods to produce Paraxylene are toluene
disproportionation and gasoline pyrolysis in a
naphtha steam cracker unit. However, the
traditional and most well-equipped technology for
the Paraxylene rests upon the isomerization of
mixed xylenes.