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Asia's paraxylene-mixed xylene spread narrowed 7.2% week on week to $141 per metric ton on Nov. 4, its lowest since Oct.
23, as PX and MX prices fell sharply. Front-month January Brent crude sank 14.6% on the week to $94.62/bbl.
The spread remains above the roughly $100/mt breakeven, so producers can keep running hard, but lower crude weakens feedstock and petrochemical price support. This is a petrochemical market move with no direct effect on feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.