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PX trends head north in Europe & southwards in Asia
08
Jul '14
Paraxylene prices headed north in Europe yesterday, while they moved in the opposite direction in Asia today. 
 
European price rise was on account of tight product supply in the market coupled with rising prices in the US market on July 7, while in Asia, PX fell today, due to weak buying sentiments backed by weaker downstream market.
 
FOB Rotterdam prices of PX prices rose by 0.39 percent on July 7 compared to Friday closing and were in the range of USD 1285/ton to USD 1290/ton. 
 
In US, PX prices went up by USD 10/ton yesterday and were in the range of USD 1290/ton to USD 1295/ton. 
 
Today, PX prices in the Asian market presented a different scenario.  In Asia, PX prices declined by USD 10/ton in S E Asian market and were quoted in the range of USD 1355 /ton to USD 1360/ton. 
 
While in the F E Asian market, prices were in the range of US$ 1335/ton to US$ 1340/ton. 
 

Fibre2fashion News Desk - India


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