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M-Xylene prices dip in Asia & Europe, stay stable in US
08
Nov '12
M-Xylene market showed downward trend in Asia and Europe, whereas it was stable in US in the last week.

In Korea, M-Xylene market went down in the week ending November 3, due to sluggish demand from the downstream market. In the early days of last week, prices were assessed lower by US$ 25/ton, as compared to the same period of the previous week. Prices were assessed lower by 1% w-o-w.

In S.E. Asia, M-Xylene prices decreased. In the initial days of last week, M-Xylene prices were at US$ 1215/ton lower by US$ 30/ton, as compared to the same period of the previous week. Prices saw similar percentage decline as in Korea.

CFR China prices of M-Xylene were reported higher by US$ 25/ton as compared to its previous week.

In Europe, M-Xylene prices inched down due to sluggish regional downstream demand trends. In this market scenario, M-Xylene prices were assessed at US$ 1310/ton FOB Rotterdam, lower by US$ 10/ton as compared to its previous week. Prices were spotted stable at US$ 1310/ton FOB Rotterdam during the week.

In US, M-Xylene prices were reported steady as compared to its previous week.

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Fibre2fashion News Desk - India

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