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European & US PX trends slipping since last week
14
Aug '14
Paraxylene (PX) trends slipped across European and US markets last week and also were down on August 13 from those seen on August 11 this week.

In the European market, PX prices which were assessed at US$ 1320/ton on August 11, slipped by US$ 60/ton to US$ 1260/ton on August 13.

Similarly, in the US market, PX prices which were quoting at US$ 1355-1360/ton on August 11 went down to US$ 1325/ton on August 13.

Last week, European and US PX prices showed downward trend, as in Asia mainly from sluggish downstream demand.

In the initial days of last week, European prices were assessed at US$ 1270/ton, lower by US$ 35/ton as compared to the same period of its previous week.

PX prices were assessed during the week at US$ 1260-1300/ton FOB Rotterdam as compared to US$ 1305-1325/ton in the previous week.

In the initial days of last week, US PX prices were quoted at US$ 1285/ton, lower by US$ 60/ton as compared to the same period of its previous week.

Speculators witnessed the spot prices of PX at US$ 1285-1330/ton FOB US as compared to US$ 1315-1345/ton in previous week.

Fibre2fashion News Desk - India

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