Asian Orthoxylene Prices Rise on Demand

Asian orthoxylene: Rises on firm buying interest / FOB Korea bids up to $890/mt / Sinopec Jinling plans maintenance in mid-March

Jun 03, 2026

Asian orthoxylene moved up $5-$36/mt week over week amid tightening supply and strong buying interest for February-loading cargoes in South Korea. the FOB Korea marker sharply higher week over week at $891/mt Jan. 30, $1/mt above a bid last heard for a 3,000 mt second-half February-loading cargo. The buyer had raised its bid from $860/mt to $890/mt, against an offer seen earlier at $900/mt for any February-loading cargo. Several market participants held conservative views on the hike of FOB Korea prices, citing phthalic anhydride business in Asia could not afford the level. Sentiment in the downstream PA market remains bearish, as several producers in Asia said prices in the Chinese market were softening. “Downstream demand is still not good... end-users are gradually shutting down [for holidays],” said a domestic PA...

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