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Asian PX trends on bull run from bullish feedstock prices
26 Jun '14
1 min read
Asian Paraxylene (PX) prices again went up today for the fourth day running, mainly due to increase in feedstock prices coupled with strong market outlook.
The prices of PX in the F E market gained by US$ 35/ton on June 26 compared with yesterday’s closing and were offered at US$ 1425/ton.
In S E Asian market, PX prices also surged by US$ 35/ton today and were quoted at US$ 1445/ton levels.
ExxonMobil announced its July PX contract prices for Asian markets at US$ 1450/ton which is an increase of US$ 200/ton from June levels.
Idemitsu nominated its July PX contract prices for Asian markets at US$ 1480/ton which is a rise of US$ 150/ton from June levels.
Within the first four days of the current week, Asian PX prices have risen by US$ 65/ton
Fibre2fashion News Desk - India
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