Home / Knowledge / News / Textiles / PX prices rise in tandem across global markets last week
PX prices rise in tandem across global markets last week
03
Jul '14
In the week ending June 28, Paraxylene (PX) prices rose across all global markets like Asia, Europe and US. In Asia, PX trends increased last week mainly due to strong downstream demand in key markets of the region and tight product availability.

In Korea, PX prices opened at US$ 1375/ton FOB Korea last week, higher by US$ 60/ton as compared to the same period of its previous week. During the week, PX prices were spotted at US$ 1375-1460/ton FOB Korea.

In S.E. Asia, PX prices showed similar trend as Korea last week. In the initial days of the week under review, prices were at US$ 1395/ton, higher by US$ 60/ton as compared to the same period of the previous week. Prices hovered in the range of US$ 1395-1480/ton CFR S.E. Asia during the week.

In Europe, PX prices surged up in the last week due to strong buying trends coupled with higher PX prices in Asia and US.

In the initial days of the week, European prices were assessed at US$ 1285/ton, higher by US$ 45/ton as compared to the same period of its previous week. PX prices were assessed during the week at US$ 1285-1350/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. In the initial days of last week, prices were assessed at US$ 1300/ton, higher by US$ 60/ton as compared to the same period of its previous week. Speculators witnessed the spot prices of PX at US$ 1300-1365/ton FOB US.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search