# Paraxylene: Trading

The Asian contract price and China's young futures market

Source page: https://www.materialinsights.org/chemicals/paraxylene/trading/

The Asian contract price and China's young futures market What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- China
- Taiwan
- United States
- Turkey and Southeast Asian PTA makers

#### Who sells, and from where

- South Korea
- Japan
- India
- Brunei
- Thailand
- Singapore
- Saudi Arabia and Oman

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **Platts PX CFR Taiwan/China** | S&P Global Platts | spot, daily |
| **Asian Contract Price (ACP)** | set by major producers and buyers, reported by Platts and ICIS | monthly contract |
| **ICIS and Argus PX Asia** | ICIS, Argus | spot |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **Zhengzhou Commodity Exchange** | Paraxylene futures, 5 t per lot, yuan, physical delivery | Launched 15 September 2023 (S&P Global). |

#### Contract types

- Term contracts at monthly ACP or formula on Platts averages
- Spot cargoes, typically 5,000-10,000 t
- Paper swaps on Platts CFR Taiwan/China

#### Traders and distributors

- Glencore
- Vitol
- Mitsui
- Mitsubishi Corporation
- Itochu
- Producer trading arms

#### How Indian buyers price it

- Reliance and other Indian producers sell PX at export parity to CFR Taiwan/China markers; captive PX for PTA is transfer-priced (indicative).
- Indian PTA makers buy imported PX at CFR India against Asian markers (indicative).

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| Mid-Nov 2024 | **below $800/t** | Asia spot | Argus |
| 2 Mar 2026 | **$999.33/t** | CFR Taiwan/China | S&P Global Platts |
| 7 Oct 2026 | **about $1,283/t** | Asia | Procurement Resource |

#### Good sources to follow
[Argus market opinion and analysis blog](https://www.argusmedia.com/en/news-and-insights/market-opinion-and-analysis-blog)free blog · Argus Media

Paraxylene and polyester chain analysis
[Fibre2Fashion textile news (PX, PTA, MEG prices)](https://www.fibre2fashion.com/news/textile-news/)free research site · Fibre2Fashion

Weekly polyester chain price notes
[Mysteel Global](https://www.mysteel.net/)freemium research site · Mysteel

China PX imports and capacity
[Asian Chemical Connections](https://www.icis.com/asian-chemical-connections/)free blog · John Richardson, ICIS

China self-sufficiency in polyester chain

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/paraxylene/index.md)
- [Overview](https://www.materialinsights.org/chemicals/paraxylene/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/paraxylene/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/paraxylene/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/paraxylene/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/paraxylene/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/paraxylene/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/paraxylene/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/paraxylene/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/paraxylene/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/paraxylene/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/paraxylene/links/index.md)