Home / Knowledge / News / Textiles / PX prices fall in Korean market in May'14 over last year
PX prices fall in Korean market in May'14 over last year
05
Jun '14
In Korean market, the average price of paraxylene (PX), a key raw material for production of purified terephthalic acid (PTA) used in making polyester, in May 2014 was US$ 1200/ton, which was a decrease of 14.77 percent compared to the average price of $1405/ton in May 2013. On June 4, 2014, PX prices in Korea were assessed at $1240/ton.
 
Meanwhile, PX prices increased in all major global markets in the last fortnight ending May 31, 2014, compared to the previous fortnight ending May 15, 2014.
 
In Asian markets, PX prices surged due to support from firm upstream energy coupled with strong buying sentiments in the region. In F E Asia, the average price surged up by 4.7 percent to $1225/ton in the last fortnight, as compared to the average price of $1170/ton in the previous fortnight.
 
In S E Asia, the average price of PX jumped by 5.04 percent to $1250/ton in the last fortnight, vis-à-vis the average price of $1190/ton in the previous fortnight. On June 4, 2014, prices were assessed at $1260/ton.
 
JX Nippon Oil & Energy nominated its June PX contract prices for Asian markets at $1290/ton, which represented an increase of $90/ton over May 2014 level. ExxonMobil and Idemitsu nominated their June PX contract prices for Asian markets at $1300/ton and $1330/ton, respectively.
 
In the US market, PX price increased in the last fortnight due to firm energy in market. The average price rose by 1.32 percent to $1155/ton in the last fortnight.
 
In European market, too, PX prices increased due to strong energy in market coupled with increase in PX prices in Asian and the US markets. The average price in the last fortnight climbed 2.25 percent  to $1135/ton.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X