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Examples
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Little did I know that not 7 km away there is a factory beginning to pump out 800,000 tons of the toxic chemical para-xylene Chinese name 1，4-二甲苯 .
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Little did I know that not 7 km away there is a factory beginning to pump out 800,000 tons of the toxic chemical para-xylene Chinese name 1，4-二甲苯 .
Archive 2007-04-01 2007
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But a spurt in prices since the start of this year has caused the remaining para-xylene units "to crank up their operating rates," says Teresa Acosta, group vice president, aromatics, at petrochemical consultants DeWitt
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According to DeWitt's Acosta, para-xylene prices, after soaring to as much as "$800-plus" per metric ton in March, 2003, retreated to the $500 vicinity by the middle of April.
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Acosta says operating rates for para-xylene are likely to reach the high-80s within the next year and will "rapidly approach" 90% in the 2004 to 2005 period.
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The jump in crude oil and petrochemicals prices in the months leading up to this year's Iraq war created an upward spiral in para-xylene prices.
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That gap should close by 2009, as new para-xylene capacity comes online in the Middle East.
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But over the next two to three years, say analysts, surging demand for polyesters, which are derived from xylenes, will exert upward pressure on para-xylene prices and improve para-xylene margins, which have recently been poor to nonexistent.
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There is a "widening price gap" between para-xylene rates in North America and cheaper product in Asia, according to an analysis by Alpek, which produces para-xylenes.
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Worldwide demand for para-xylene is growing at about
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