Argus DeWitt launches enhanced global toluene and xylenes market coverage
Singapore, 25 June 2013
Global energy and commodity price reporting agency Argus has launched the Argus DeWitt Toluene and Xylenes Daily report. The report covers toluene, xylenes and derivatives markets in Asia, Europe and the US, offering prompt and forward assessments for toluene, mixed xylenes, paraxylene and PTA, as well as providing analysis of global markets and trade flows.
Changing refinery feedstock slates and aromatics production economics in the US are affecting trade flows of toluene and mixed xylenes from Asia and Europe. These changes have resulted in historically high prices and margins for aromatics in recent months. Paraxylene supply remains tight in Asia and prices are high, although the PTA markets are weaker. Daily price swings in one part of the world and arbitrage opportunities on a global basis are increasingly affecting trading decisions in Asia.
The new Argus DeWitt Toluene and Xylenes Daily report captures price movements and fundamentals for these fast-moving markets on a daily basis. The report provides market analysis, as well as price assessments for aromatics producers, buyers and traders for long-term contracts or spot trading reference.
”We are glad to add the Argus DeWitt Toluene and Xylenes Daily report to our range of global petrochemical and commodity publications. We have worked closely with the industry to develop a report that can meet the growing need for market insight, benchmark and risk management services,” Argus Media chairman and chief executive Adrian Binks said.
Argus’ petrochemical markets coverage has grown rapidly since 2012 when Argus acquired DeWitt, a leading provider of petrochemical market intelligence, pricing data and consulting services based in the US. Argus now has nearly 50 petrochemical experts and provides historical data, market feasibility studies, project development and new venture planning advice and analysis, as well as forecasting services.
About Argus Media
Argus is an independent media organisation with nearly 500 full time staff. It is headquartered in London and has offices in each of the world’s principal energy centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus’ staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and an Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company. Visit: www.argusmedia.com
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