Home / Knowledge / News / Textiles / Paraxylene prices fall in global markets last fortnight
Paraxylene prices fall in global markets last fortnight
20
Mar '14
The prices of paraxylene (PX) decreased in global markets in the last fortnight ending March 15, 2014, compared to the previous fortnight ending February 28, 2014, due to weak downstream fundamentals.
 
In Korea, the average price of PX in the last fortnight was US$ 1190/ton, which is a decrease of 5.93 percent compared to the average price of $1265/ton in the previous fortnight. On a year-on-year basis, the average PX price declined last fortnight by 24.68 percent, as against the average price of $1580/ton in the corresponding fortnight of 2013. The declining trend continued and PX price was assessed at $1145/ton on March 19, 2014.
 
PX prices decreased in Asian markets due to poor demand trends coupled with a drop in prices of upstream energy value and ample product availability. In Far East Asia, the average PX price in the last fortnight was $1190/ton, showing a decrease of 4.03 percent compared to the previous fortnight’s average price of $1240/ton.
 
In Southeast Asia, the average price of PX dropped by 3.95 percent last fortnight to $1215/ton, as against the previous fortnight’s average price of $1265/ton. The downtrend continued this week and PX price was assessed at $1170/ton on March 19.
 
In Europe, the average price of PX dipped 0.85 percent to $1170/ton in the last fortnight compared to the average price of $1180/ton in the previous fortnight, due to sluggish buying activities in the region.
 
In the US market, PX price declined last fortnight due to weak downstream demand. The average price in the last fortnight was $1220/ton, which is a fall of 0.41 percent compared to the previous fortnight’s average price of $1225/ton.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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