The prices between paraxylene and feedstock isomer-grade mixed xylene in Asia has reached its lowest level in eight months on increased demand for MX for gasoline blending and sluggish PX demand, As per market report.
Recently gasoline blending demand is good in China and in the US, and toluene disproportionation rate is decreasing due to high toluene and low benzene.
As per source, Chinese PX producer Dragon Aromatics, is expected to resume its operation in the third quarter, possibly adding more demand for MX, and more supply of PX.
