Free Paraxylene Price Trend and Forecast New York
- Location: New York, New York, NY, United States
Q4 started on a strong note for Paraxylene Prices in the North American region, PX market gained from increased demand of Purified Terephthalic Acid (PTA) which forms a precursor for PET bottles. PX prices in USA increased to USD 989 per MT FOB Texas in October, however demand deterioration towards H2 of the last quarter severely hampered the market sentiment and prices went downwards and slumped to USD 865 per MT in December. Drop in demand came on the back of traditional consumption deterioration in lieu of winter holiday season.
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