Published on September 19, 2018
Demand and supply, as well as the impact from a weakened Yuan, will dominate Asian petrochemical markets in the near term .As per source, Paraxylene market is likely to remain firm on strong November demand on production issues in Asia. Benzene prices will remain bearish due to an increase in supply for October and November. Ethylene is expected to remain stable in near term as market participants are waiting for a clearer price trend to emerge. Propylene market will probable see a boost in near term from stronger Chinese buying interest ahead of the week-long National Day holiday starting October 1.
