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Korean PX prices still down from peak in Jan
18 Jun '14
1 min read
Paraxylene (PX) prices showed stable-to-soft trend on a month on month (m-o-m) basis in first half of this year in Korea.
Prices declined mainly due to rigorous selling activity in the region, dull demand sentiments, lower upstream and downstream product prices as well as lower downstream demand in the region.
Average prices in January were assessed at US$ 1380/ton in the month of January, 2014, which thereafter started to decline by 6.5% m-o-m in February and 7% m-o-m in March to US$ 1290/ton and US$ 1200/ton respectively.
Average prices stayed stable in April at US$ 1200/ton but again showed a downward trend in the month of May to fall by 1.7% to US$ 1180/ton.
However, in the first fortnight of June, prices showed an upward trend mainly due to higher upstream energy prices, increase in feedstock prices, and increase in downstream product prices. Tight product availability in the region also contributed towards the price rise.
Prices were hovering around US$ 1225-1230/ton in the beginning of this month, which went up during the fortnight and were assessed at US$ 1315/ton on June 17, 2014.
Fibre2fashion News Desk - India
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