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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mark Paterson
Technical Absorbents Ltd

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search