Korea FOB solvent-Mixed Xylene prices oscillating in the price range of USD 1120 - 1125 PMTdue to a lack of pick-up in demand.

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by staff ()

Solvent Report: Korea FOB solvent-Mixed Xylene prices fell $67/mt week on week to $1,123/mt, due to a lack of pick-up in demand after the Lunar New Year holidays, which has led to a build in stocks. The Chinese solvent-MX market has collapsed as Chinese market sources have been stockpiling cargoes prior to the Lunar New Year expecting an uptick in prices after the holiday, but it was the opposite [that happened]. Reportedly, Solvent-MX stocks in East China stood at 90,000 mt on Friday, unchanged from the week before, while inventory in South China rose to 14,000 mt, up 55.56% week on week