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Lower feedstock prices pull down Asian PX trends this week
14
Aug '14
Lower feedstock prices and strong selling activity in the region led to Korean Paraxylene (PX) prices declining from US$ 1425/ton assessed on August 11 to US$ 1355/ton on August 13.

Last week too, Korean PX went down due to lower feedstock prices and energy prices coupled with sluggish demand trends in the region.

Prices opened at US$ 1340/ton FOB Korea, lower by US$ 50/ton last week compared to the same period of its previous week and prices were spotted at US$ 1340-1410/ton FOB Korea as compared to US$ 1370-1415/ton in its previous week.

Similarly, in SE Asia too, PX prices which were assessed at US$ 1445/ton on August 11, slipped to $ 1380/ton on August 13.

Last week also, SE Asian PX prices showed similar trend as in Korea. In the initial days of the week, prices were at US$ 1360/ton, lower by US$ 55/ton as compared to the same period of its previous week.

During last week, prices hovered in the range of US$ 1360-1435/ton CFR S.E. Asia as compared to US$ 1395-1435/ton in its previous week.

Fibre2fashion News Desk - India

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