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PX trends decline in Europe & US last week
07
Aug '14
Paraxylene (PX) prices declined across all markets last week, including Europe and US.

In the initial days of last week, European market prices were assessed at US$ 1305/ton, lower by US$ 60/ton as compared to the same period of its previous week.

Average PX prices were assessed during last week at US$ 1305-1325/ton FOB Rotterdam as compared to US$ 1305-1365/ton in its previous week.

Prices have further fallen in this week and were assessed at US$ 1260/ton on August 5, 2014.

In US, PX prices showed similar trend as Europe last week. In the initial days of the week, prices were assessed at US$ 1345/ton, lower by US$ 40/ton as compared to the same period of its previous week.

Speculators witnessed the average PX spot prices at US$ 1315-1345/ton FOB US in the week under review as compared to US$ 1345-1390/ton in its previous week.

Prices were assessed at US$ 1280-1285/ton on August 4, which is a further fall from those recorded last week.

Fibre2fashion News Desk - India

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