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Asian PX price trends stable
May '11
Asian PX market appeared basically stable on May 25. PX price rose US $1 to close at US $1,479 / ton (FOB Korea) and US $1,517 / ton (CFR Taiwan).

Offers for cargo for arrivals in late June has increased to US $1,510 / ton (CFR Taiwan), but no transactions were reported.

Market prices of benzene and MX fell $15 / ton and $5 / ton, respectively. The downstream PTA market price too dipped by $5 to $1200 / ton.

Now market offers for July shipment stand at $1,540 / ton, but no reports of counteroffers appeared in the market.

Fibre2fashion News Desk

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