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Strong demand propels global PX prices on Nov 4
Dec '14
Global PX prices propelled across all primary markets, mainly from strong demand on Thursday (Nov 4).

In the Asian market, PX price rose on Nov 4 due to improved buying interest coupled with relatively strong support from the downstream market.

In the F E Asian markets, PX prices increased by 2.15 per cent from Nov 3 and were offered in the range of US$ 995/ton to US$ 1000/ton.

In S E Asian market too, PX prices grew by 2.63 per cent as against those on Wednesday and were assessed at US$ 1025/ton.

In European market, selling offers for PX also amounted from firm energy market coupled with strong demand in the region and were quoted in the range of US$ 895/ton to US$ 900/ton.

They also went up in the US market led by strong buying sentiments in the region and were spotted in the range of US$ 885/ton to US$ 890/ton.

Fibre2fashion News Desk - India

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