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Asian PX prices up despite fall in feedstock prices
08 Aug '14
1 min read
Despite a fall in Isomer MX trends, a feedstock for Paraxylene (PX), PX prices headed north in Asian markets on August 7. The rise in US PX prices also facilitated the gain in Asian market.
Prices of its feedstock Isomer MX fell by 1.70 percent and were assessed in the range of USD 1150/ton to USD 1155/ton.
Analysts also attributed the price rise to hike in PTA trends and short covering activities in the market.
In Asia, PX prices were assessed in the range of USD 1355/ton to USD 1360/ton, a gain of USD 20/ton.
PX prices in the Taiwanese market also rose and were offered in the range of USD 1375/ton to USD 1380/ton.
In US market, PX prices rose by USD 10/ton and were offered in the range of USD 1290/ton to USD 1295/ton.
Prices of its feedstock Isomer MX fell by 1.70 percent and were assessed in the range of USD 1150/ton to USD 1155/ton.
Analysts also attributed the price rise to hike in PTA trends and short covering activities in the market.
In Asia, PX prices were assessed in the range of USD 1355/ton to USD 1360/ton, a gain of USD 20/ton.
PX prices in the Taiwanese market also rose and were offered in the range of USD 1375/ton to USD 1380/ton.
In US market, PX prices rose by USD 10/ton and were offered in the range of USD 1290/ton to USD 1295/ton.
Fibre2fashion News Desk - India
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