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Global M-Xylene market moves up in tandem
13
Dec '12
M-Xylene market went up in Korea, due to strong demand from the downstream market in the week ending December 8. In the early days of the week, prices were assessed at US$ 1230/ton higher by US$ 15/ton, as compared to the previous week. Prices were assessed between US$ 1230-1290/ton FOB Korea.

M-Xylene prices increased in S.E. Asia. In the initial days of last week, M-Xylene prices were at US$ 1275/ton higher by US$ 20/ton, as compared to the same period of the previous week. Market analysts marked the spot prices of M-Xylene at US$ 1275-1320/ton CFR S.E. Asia.

In Europe, M-Xylene prices inched up due to robust regional downstream demand trends. In this market scenario, M-Xylene prices were assessed at US$ 1210/ton FOB Rotterdam, higher by US$ 25/ton, as compared to the previous week. Prices were spotted at US$ 1210/ton FOB Rotterdam, which were steady during the week.

In US, M-Xylene prices too surged up. Downstream demand trends improved in the region. Overall market sentiment was recovering. M-Xylene prices were witnessed in the range of 445-475 (cents/gallon) FOB US.

Contract prices for the month of December were settled at 430 (cents/gallon) in the previous week, higher by 35 (cents/gallon) as compared to the contract prices of November. This price hike was due to tight supply conditions in the market. Market experts commented that this increase was anticipated looking at the market conditions.

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Fibre2fashion News Desk - India

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