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Korean Mixed Xylene prices decline after long hiatus
01
Mar '13
Mixed Xylene prices in South Korea, which were inching up since July last year, showed signs of weakness in February 2013. 
 
Miixed Xylene prices showed an upward trend month on month since July 2012 and went up by 0.4% to 5.7% m-o-m in consecutive months. 
 
Prices which were hovering around US$ 1015-1070/ton FOB Korea in the initial days of July 2012 showed an increase of 1.9 % to 5.7% in the third quarter of the year, which further moved up 1.3% to 4.2% in Q4 of the year and by 0.4% in January 2013. 
 
However, prices declined by 1.6% m-o-m in February this year mainly because of dull buying trends in the region and lowering of trading activities due to Lunar New Year Holidays in key Asian markets. 
 
Prices were assessed in the range of US$ 1220-1255/ton in January this year which declined in February and were in the range of US$ 1220-1235/ton.
 
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Fibre2fashion News Desk - India

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