PX prices across all global markets rise last week

Prices opened at US$ 1260/ton FOB Korea, higher by US$ 30/ton as compared to the same period of its previous week. During last week, PX prices were spotted at US$ 1260-1315/ton FOB Korea. Prices were assessed at US$ 1315/ton on 18th June, 2014.

In S.E. Asia, PX prices showed similar trend as Korea last week. In the initial days of the week, prices were at US$ 1280/ton, higher by US$ 30/ton as compared to the same period of its previous week. During the week, prices hovered in the range of US$ 1280-1335/ton CFR S.E. Asia. Prices were assessed at US$ 1335/ton on 18th June, 2014.

In Europe, PX prices surged up last week due to strong buying trends coupled with tight product availability in the region. In the initial days of the week, prices were assessed at US$ 1170/ton, higher by US$ 20/ton as compared to the same period of its previous week. PX prices were assessed during the week at US$ 1170-1240/ton FOB Rotterdam. Initial contract prices for June were settled at € 930/ton FD NWE, higher by € 30/ton as compared to that of May.

In US, PX prices showed similar trend as Asia and Europe last week. In the initial days of the week, prices were assessed at US$ 1175/ton, higher by US$ 10/ton as compared to the same period of the previous week. Spot prices were quoated at US$ 1175-1235/ton FOB US.

Fibre2fashion News Desk - India