DYM Resources has started selling benzene (BZ) and paraxylene (PX) produced in Russian and other CIS refineries.
Benzene and paraxylene are two of the most widely used aromatics. The main application of benzene is styrene monomer synthesis, while paraxylene is chiefly used in polyester production.
Paraxylene exports from Russia have been quite stable in the last three years, averaging 125’000 tons annually.
At the same time, Russian benzene exports are very new to the market. In 2017, Russian petrobenzene exports rose to nearly 97’000 tons, up from zero only a year before.