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Offers for Asian PX Sept shipment fall
02
Aug '11
Asian PX market rose from the previous day to close at US $1,548 / ton FOB Korea and US $ 1,568 / ton CFR Taiwan / China on August 1.

Offers for September shipment fell from US $1,585 / ton to US $1,570 / ton (CFR Taiwan / Ningbo), while counteroffers were US $1,560 / ton.

Three transactions were concluded for September shipment at US $1570, $1560 and $1558 / ton, respectively. Market bids and offers for September shipment were at US $1560 and $ 1,570 / ton CFR Taiwan / China, but no transactions were reached.

There were goods in the market for resale with shipment in the second half of August and September, buying intention from buyers was US $7 higher than offers, while sales intention from sellers was US $30/ ton higher.

Fibre2fashion News Desk

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