Episode 1183: PODCAST: Less impact of gasoline on Asia PX, downstream expansion continues
SINGAPORE (ICIS)--Earlier than usual re-stocking activities of gasoline blend stocks had curbed the price gains for paraxylene (PX) in Asia, while a lack of strong demand growth in the downstream purified terephthalic acid (PTA) and polyester markets had kept market confidence low. Key PX bullish factor is the limited new capacity expansionsAsia adds two new downstream PTA capacities in the first half of the yearICIS expects PX prices to be supported in Q3, but Q4 to face a downward pressure In this podcast, Senior Editor Samuel Wong and Senior Analyst Jimmy Zhang discuss trends in the Asian PX market and what we can expect in the near future.