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Asian PX trends surge on Aug 15
Aug '11
The paraxylene (PX) market in Asia rose US $30 from the previous trading day to close at US $1,538 / ton (FOB Korea) and US $1,558 / ton (CFR Taiwan / Ningbo) on August 15.

Price spread between market bids and offers for September supply expanded. Bid price of supply markets in Asia (excluding India, China and Middle East) was US $1,530 / ton (CFR Taiwan / Ningbo), while market offers rose to US $1,560 / ton (CFR Taiwan / Ningbo).

Market bid prices rose to US $ 1,550 / ton (CFR Taiwan / Ningbo), while market offers firmed up at US $1,570 / ton (CFR Taiwan / Ningbo). However, no deal was reported.

The xylene isomers market increased by US $ 24 / ton to close at US $ 1,280 / ton (FOB Korea) and US $ 1,291 / ton (CFR Taiwan).

Fibre2fashion News Desk

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