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Bearish buying pulls down European & US PX prices
Dec '14
The prices of paraxylene (PX), the basic raw material for polyester value chain, fell in European and US markets in the last week ending December 12, 2014, compared to the previous week ending December 5.
The decline in PX prices in these markets last week was due to bearish buying trend in the region.
In Europe, average PX prices went down by US$ 95 per ton or 10.67 per cent from the previous week, and were assessed at $795 per ton in the last week.
In US, average prices of PX dropped $65 per ton or 7.30 per cent and were assessed at $825 per ton in the last week.

Fibre2fashion News Desk - India

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