Home / Knowledge / News / Textiles / Paraxylene market remains dull
Paraxylene market remains dull
09
Sep '08
Paraxylene market, on September 8, remained inactive due to lesser interest from both buyers and sellers side. In the European region, offer prices from seller stood at around US $1250 per ton FOB Rotterdam for September trade; while quotations from buyers stood at below $1150 per ton FOB Rotterdam for September.

However market closed at around $1150-1200 per ton FOB Rotterdam for September. On the whole on this day, market activity was quite dull.

On the Asian region, paraxylene market was a bit relaxed following a huge drop in prices from last week. Sellers are trying to overcome the previous plunge. Prices remained stable at around $1200-$1250 per ton CFR Taiwan/China for October contracts.

Today, PX price decreased by $150 per ton from $1350 per ton to $1200 per ton, following a plunge in crude prices and quite market. The prices are expected to turn better after festival season in many countries in Asia. Price of PX stood at $1220 per ton FOB Korea; $1210 per ton CFR South East Asia.

In the downstream, PTA spot market also had a slow day due to minimal interest from the traders. The market closed flat at $950-$960 per ton CFR china. In the meantime, RMB market softened to finish at below 7900 per ton.

Price of PTA $950 per ton CFR Far East Asia; $950 per ton CFR South East Asia; $950 per ton CNF India. PTA prices saw a significant drop by $65 per ton from $1000 per ton to $955 per ton due to weak demand and raw material price decline.

MEG price also fell by $65 per ton from $880 per ton to $815 per ton as raw material price declined due to low demand in the month of Ramadan. Some of the plants also went for regular maintenance so that they can improve production according to the demand for the year end festivals. Price of MEG $820 per ton CNF India; MEG $815 per ton CIF China.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search