Aromatics Market Outlook and PX Spread Trends

Argus' Santosh Navada discussed with Ashish Kulkarni, Argus' lead aromatics consultant, the key drivers behind aromatics demand in 2025 and assess the critical factors likely to influence paraxylene–naphtha spreads in the coming months. They discuss:

• Outlook on the Northeast Asia aromatics market

• Perspective on China’s anti-involution initiative and South Korea petrochemical rationalization

• Reason behind the recent PX price surge in Asia observed in December

• Implications of the US tariffs on the aromatics market

• Key bullish and bearish factors that could influence aromatics market

Further details and additional insights are available from Argus Aromatics experts and Argus publications, including:

• Argus Toluene, Xylenes and Derivatives
• Argus Toluene and Xylenes Outlook
• Argus Toluene and Xylenes Analytics
• Argus Consulting