PX-PTA Market Trends: June 2026 Procurement Guide

Asian Paraxylene: Falls amid negative PTA margins; PX naphtha spread narrows / Xin Feng Min delays new PTA plant start-up due to poor margins / PX-MX spread widens by $3/mt WOW to $153/mt

Jun 08, 2026

Asian paraxylene fell $16/mt week over week and $10.67/ mt day over day at $816/mt CFR Taiwan/China on Sept. 19 amid negative margins in the downstream purified terephthalic acid market, and a mixed outlook for the PX market. Currently, PTA margins are negative in China’s domestic market, hovering around Yuan 120-130/mt, far below breakeven levels heard to be close to Yuan 350/mt, PTA market sources said mid-week. “PTA margin is very poor now, record low,” said a major Chinese PTA producer, while another producer said that “every unit is losing money”. Meanwhile, the gasoline market remains stronger than usual despite being more of an off-season period, a trader noted during the week, adding that the strength in gasoline could keep the PXnaphtha spread around current levels. “I don’t see it...

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