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PX prices continue to flare up
22
Jul '11
Market price of Asian paraxylene (PX) continued to rise and grew by US $ 29.5 / ton to close at $1,534 / ton (CFR Taiwan / China) and US $1,514 / ton (FOB Korea) on July 21.

After the fire at Huizhou aromatics unit under China's CNOOC Group, the restarting situation is not clear yet.

Cargo holders are reluctant to sell their goods, bids for shipment in the second half of August was $1,515 / ton CFR Taiwan / China on July 21, the price rose US $5 before closing time and ended at $1,535/ ton.

Bids for September shipment from outside the trading pit stood at $1,510 / ton CFR.

Fibre2fashion News Desk

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