Home / Knowledge / News / Textiles / Paraxylene prices dip in global markets last fortnight
Paraxylene prices dip in global markets last fortnight
20
Feb '14
The prices of paraxylene (PX) decreased in Asian, European and the US markets in the last fortnight ending February 15, 2014, compared to the previous fortnight ending January 31, 2014.
 
In Korean market, the average price of PX in the last fortnight was US$ 1290/ton, showing a drop of 23.21 percent compared to the average price of $1680/ton prevailing during the corresponding fortnight of the last year.
 
The average price of $1290/ton in the Korean market in the last fortnight was 3.37 percent lower than the $1335/ton average price recorded in the previous fortnight. Continuing with the downward trend, PX price was assessed at $1285/ton on February 19, 2014.
 
In Far East Asia, the average PX price decreased by 2.64 percent to $1290/ton in the last fortnight as compared to $1325/ton in the previous fortnight.
 
In Southeast Asia, the average price of PX dipped by 2.59 percent to $1315/ton in the last fortnight, vis-à-vis the average price of $1350/ton in the previous fortnight. On February 19, 2014, PX price was assessed at $1310/ton.
 
The decline in PX selling offers in Asian markets during the last fortnight was mainly due to poor buying interest in key markets.
 
In European market, selling offers for PX declined due to bearish downstream demand coupled with poor price trend in the Asian and the US markets. In Europe, PX average price plunged by 2.02 percent to $1215/ton, as against the average price of $1240/ton in the previous fortnight. On February 18, 2014, PX price was assessed at US$ 1205/ton.
 
In US, average price of PX declined slightly by 0.80 percent to $1240/ton vis-à-vis the average price of $1250/ton in the previous fortnight, due to bearish demand in the region.
 

Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search