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Asian PX trends still on slippery wicket this week
28
Aug '14
Asian Paraxylene (PX) prices decreased last week, mainly due to lower upstream and downstream product prices coupled with strong selling activity in the region. Prices continued slipping this week from last week.

In initial days of last week, Korean PX prices opened at US$ 1335/ton FOB Korea, lower by US$ 90/ton as compared to the same period of its previous week.

During last week, prices were spotted at US$ 1315-1335/ton FOB Korea as compared to US$ 1350-1425/ton in its previous week.

Prices were assessed at US$ 1280/ton yesterday (Aug 27) lower by US$ 15/ton as compared to US$ 1295/ton on August 25.

In S.E. Asia, PX prices showed similar trend as Korea last week.

In the initial days of last week, PX prices were at US$ 1360/ton, lower by US$ 85/ton as compared to the same period of its previous week.

During the week, prices hovered in the range of US$ 1340-1360/ton CFR S.E. Asia vis-à-vis US$ 1375-1445/ton in its previous week.

Prices were assessed at US$ 1305/ton yesterday lower by US$ 15/ton as compared to US$ 1320/ton on Monday (Aug 25).

Fibre2fashion News Desk - India

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