Home / Knowledge / News / Textiles / Para-Xylene prices plunge with falling crude
Para-Xylene prices plunge with falling crude
03
Sep '08
The Gustav hurricane in Gulf region is not only affecting people but also has caused damage to the oil industry.

While crude prices slipped down, para-xylene market in the Asian region also started crumbling. Yesterday, crude fell by US $8 per barrel, and that immobilized the entire aromatics market.

Due to such immense fall in energy and naphtha prices, buyers quoted PX at around $1300 per ton, CFR Taiwan/China level for October trading. Where as offers from the sellers stood at around $1350 per ton, for next month but failed to get any response from the buyers. The market closed with in the range of $1330-$1350 per ton, showing a plunge by $20 per ton for October trading.

In PTA, due to huge drop in upstream sector selling intentions were cited at around $1015 per ton, offer prices from spot buyers were below $1000 per ton, CFR, China level. But some how sellers managed the PTA offers higher at $1010 per ton.

In the European region, Paraxylene market remained at a static position. The buying session during the day remained volatile. However, few contracts were inked at around $1220 per ton, FOB Rotterdam level. By the end of the day, the prices moved slightly on the higher side to be at around $1270-$1290 per ton FOB Rotterdam level for September. When the market closed, the prices stood with in the range of $1220-1270 per ton FOB Rotterdam for September.

On the whole we can say that that market experienced quite a dull session on this day.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search