Paraxylene Chain Relief

Polyester manufacturers in China and India are expecting a significant reduction in feedstock costs. The reopening of trade routes will allow for a more efficient distribution of xylenes, ending the localized scarcity that drove prices to record highs in April.

Mixed Sentiment

While the supply outlook is improving, the actual physical return of xylene cargoes is still 15-20 days away. This lag is keeping the spot price from falling more aggressively in line with crude oil.