Home / Knowledge / News / Textiles / Increase in supply of PX expected to dampen prices
Increase in supply of PX expected to dampen prices
25
May '09
Significant increase in supply of Paraxylene (PX) is expected to further impact the market, dragging PX prices further. Current spot price of CFR Taiwan/China has declined to US $1105-1110 per ton and spot price of FOB South Korea stands at $1085-1090 per ton and is expected to fall by $35 per ton within the week.

Currently the market is troubled by the impending increase of PX supply, since PX plants in Asian region, which were under overhaul in previous months, have gradually resumed production and due to high profits in the raw material, some new devices are about to put into operation.

Due to which, market experts expect the market to turn bearish. On an assumption in fall of PX prices, PTA manufacturers in lower reaches have put on hold new purchase orders, which will push PX prices to even more lower levels.

The polyester market is about to enter off-season mode, due to which production and marketing rate of polyester products has decreased, leading to an increase in inventory levels, and since the market is not optimistic, this has increased pessimism in the PX market.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
April 2017

April 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



X