In the first half PX prices went down on account of bearish market sentiments. PX prices fell due to sluggish downstream demand coupled with ample supply in the market. The fall in the upstream energy values and downstream prices have also contributed to the price drop of PX in Asian market. During the second half, PX price went up due to strong market fundamentals. Prices increased due to the increasing feedstock prices coupled with the short covering activity in the region.