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PX producers hopeful of strong market extending into next year
Aug '11
Asian paraxylene (PX) market fell US $13 / ton to close at US $1,638 / ton (FOB Korea) and $1,658 / ton (CFR Taiwan / China) on August 29.

One market offer for late September shipment fell from US $1,670 to US $1,665 / ton CFR, while downstream bid showed US $1,655 / ton.

Market offers for October shipment fell from US $1680 to US $1,670 / ton CFR and downstream bid for October shipment was US $1,655 / ton CFR.

However, PX producers are optimistic that, strong PX market conditions would extend into next year.

Fibre2fashion News Desk - China

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