Derivatives dent OX prices in Asia

Hui, Kew Jia; Brice, Andy
January 2007
ICIS Chemical Business;1/29/2007, Vol. 2 Issue 51, p26
Trade Publication
The article reports on the decline in Asian spot orthoxylene (OX) prices. The OX prices have fallen about 12% in two weeks because of ample domestic supplies in China and weak demand from downstream markets. However, most buyers are hesitant and are waiting on the sidelines as they expect prices to fall further in the near term. With softening crude oil values, buyers say that there is little reason for OX prices to increase. Lower-priced offers emerged because of multiple cargoes arriving in China.


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