The paraxylene (PX) market in China remained range-bound at high levels during the week, supported by tight supply and rising crude oil prices amid Middle East geopolitical tensions. International oil prices rose on supply risks from Houthi attacks on Saudi facilities and Strait of Hormuz tanker incidents. PTA prices retreated from highs as u201cSilver Octoberu201d demand fell short and downstream weaving enterprises transmitted negative feedback. MEG prices moved lower on insufficient demand support.
Source: Xinda Securities / Sina Finance
