Aromatics

Benzene prices on an FOB Korea basis and paraxylene (PX) prices on a CFR Northeast Asia basis moved in a narrow range along with changes in crude prices. Related to PX, consumption of mixed xylene for use in gasoline was falling as it was the low demand season for gasoline. For downstream polyester products, the peak demand season was over as well. For these reasons, supply/demand was relatively slack.

Olefins

Ethylene prices on a CFR Northeast Asia basis showed no change. Term negotiation for 2025 were ongoing and limited players were conducting spot trade. In term negotiations, tenders on an FOB basis and on a CFR basis were closed. In some tenders, validity of submitted prices was over. Negotiations were seen to be taking place at full swing on an FOB basis and on a CFR basis.

In the Asia propylene market, activity was muted.

In the Northeast Asia market, term negotiations for 2025 were ongoing and spot discussions were inactive.

In the Southeast Asia market, a Malaysian petrochemical maker issued a sell tender for December loading.

The Asia butadiene market increased slightly. Since supply for cargoes from outside Asia was expected to decrease and China domestic prices were increasing, CFR Northeast Asia prices were firm. In term negotiations for 2025, sell tenders conducted by some South Korean petrochemical makers were almost concluded.

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