Episode 1183: PODCAST: Less impact of gasoline on Asia PX, downstream expansion continues
SINGAPORE (ICIS)--Earlier than usual re-stocking activities of gasoline blend stocks had curbed t...
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Show Notes
SINGAPORE (ICIS)--Earlier than usual re-stocking activities of gasoline blend stocks had curbed the price gains for paraxylene (PX) in Asia, while a lack of strong demand growth in the downstream purified terephthalic acid (PTA) and polyester markets had kept market confidence low.
- Key PX bullish factor is the limited new capacity expansions
- Asia adds two new downstream PTA capacities in the first half of the year
- ICIS expects PX prices to be supported in Q3, but Q4 to face a downward pressure
In this podcast, Senior Editor Samuel Wong and Senior Analyst Jimmy Zhang discuss trends in the Asian PX market and what we can expect in the near future.