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Asian PX prices spurt from short covering activity
23
Jun '14
Short covering activity along with rising prices in the upstream market led the Asian PX prices to mount by more than 3%, today.

Asian PX prices spurted by 3.40% today, when compared with the closing prices of last week. 

PX prices in the F E market gained by US$ 45/ton when compared with June 21 and were offered at US$ 1360/ton. 

In S E Asian market, PX prices also mounted by US$ 45/ton match and were quoted at US$ 1380/ton levels.

Fibre2fashion News Desk - India

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