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Global PX prices climb higher last week
26
Jun '14
In Korea, Paraxylene (PX) prices went up in the last week due to higher upstream energy prices and increase in feedstock prices in the region. In Europe too PX prices surged up in the last week due to strong buying trends coupled with higher upstream energy prices. In US too, PX prices showed similar trend as in Asia and Europe
 
In Korea, PX prices opened at US$ 1315/ton FOB Korea last week, higher by US$ 55/ton as compared to the same period of its previous week and later in the week were spotted at US$ 1315-1360/ton FOB Korea.
 
In S.E. Asia, PX prices showed similar trend as in Korea last week. In the initial days of the week under review, prices were at US$ 1335/ton, higher by US$ 55/ton as compared to the same period of its previous week and during the week hovered in the range of US$ 1335-1380/ton CFR S.E. Asia.
 
In Europe, PX prices surged up in the last week due to strong buying trends coupled with higher upstream energy prices. In the initial days of the week, prices were assessed at US$ 1240/ton, higher by US$ 70/ton as compared to the same period of the previous week and were assessed during the week at US$ 1240-1280/ton FOB Rotterdam.
 
In US, PX prices showed similar trend as in Asia and Europe last week. In the initial days of the week, prices were assessed at US$ 1240/ton, higher by US$ 65/ton as compared to the same period of its previous week and during the week spot prices were witnessed at US$ 1240-1285/ton FOB US.
 

Fibre2fashion News Desk - India

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