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PX prices steady in Europe but up in US last week
21
Aug '14
In the last week, European average Paraxylene (PX) prices were stable due to weak downstream demand, but went up in the US market from strong market sentiments.

In Europe, average PX prices were assessed at US$ 1280/ton FOB Rotterdam last week; steady from its previous week.

But European PX prices fell in the current week and were assessed at US$ 1245/ton on August 19.

In the initial days of last week, US PX prices were assessed at US$ 1360/ton, higher by US$ 75/ton as compared to the same period of its previous week.

Speculators witnessed average prices of PX at US$ 1335-1340/ton (FOB US) during last week as compared to US$ 1300/ton in its previous week.

However US PX prices dipped this week and were assessed at US$ 1300-1305/ton on August 18.

Fibre2fashion News Desk - India

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