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Asian PX prices witness mixed reactions last week
01 Dec '14
1 min read
PX prices climbed up in parts of Asia in the last week ending Nov 29th due to improved downstream demand.
However, they declined in other parts of Asia from lower upstream energy prices and poor demand sentiments.
In Korea, average prices went down by US$ 5/ton or 0.50 per cent and were assessed at US$ 995/ last week, as compared to its previous week ending Nov 22nd.
In SE Asia, average PX prices also fell by US$ 5/ton and were quoted at US$ 1015/ton last week, down 0.49 per cent as against its previous week.
But in Taiwan, average prices grew by US$ 35/ton or 3.48 percent from its previous week and were offered at US$ 1040/ton last week.
However, they declined in other parts of Asia from lower upstream energy prices and poor demand sentiments.
In Korea, average prices went down by US$ 5/ton or 0.50 per cent and were assessed at US$ 995/ last week, as compared to its previous week ending Nov 22nd.
In SE Asia, average PX prices also fell by US$ 5/ton and were quoted at US$ 1015/ton last week, down 0.49 per cent as against its previous week.
But in Taiwan, average prices grew by US$ 35/ton or 3.48 percent from its previous week and were offered at US$ 1040/ton last week.
Fibre2fashion News Desk - India
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Jason Kent
British Textile Machinery Association (BTMA)
Dr. Sameer Sood
National Institute of Fashion Technology
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