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Global PX prices see mixed trends last week
12
Jun '14
Paraxylene (PX) prices were stable-to-up in Asia, while they went up in Europe and were stable in US in the week ending June 7.
 
In Korea, PX prices went up marginally last week due to improved downstream demand and higher downstream product prices in the region. Prices opened at US$ 1230/ton FOB Korea, lower by US$ 15/ton as compared to the same period of its previous week. PX prices were spotted at US$ 1225-1260/ton FOB Korea. On June 11, PX prices were assessed at US$ 1260/ton.
 
In S.E. Asia, PX prices were steady in the last week. In the initial days of the week, prices were at US$ 1250/ton, lower by US$ 20/ton as compared to the same period of its previous week. Prices hovered in the range of US$ 1245-1280/ton CFR S.E. Asia. On June 11, PX prices were assessed at US$ 1280/ton.
 
In Europe, PX prices surged up last week. In the initial days of the week, prices were assessed at US$ 1150/ton, higher by US$ 10/ton as compared to the same period of the previous week. PX prices were assessed during the week at US$ 1150-1170/ton FOB Rotterdam. On June 11, PX prices were assessed at US$ 1200/ton.
 
In US, PX prices remained unchanged last week. In the initial days of week, prices were assessed at US$ 1165/ton, same as compared to its previous week. Speculators witnessed the spot prices of PX at US$ 1160-1175/ton (FOB US). On June 11, PX prices were assessed at US$ 1190/ton.
 

Fibre2fashion News Desk - India


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