PX market was weak and discussion was thin this week. As of Oct 21, PX price was at $952/mt CFR, little changed from a week earlier. PX-naphtha spread narrowed slightly by 2.7% on week to $169.4/mt.
PX price tracked the rise in feedstock, up 6% week-on-week to $952/mt CFR on Oct 14. However, PX market was weighed by weak downstream and ample spot supply. Buying sentiment was tepid, and PX-naphtha spread hovered low.
