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

Bangladesh urges US to reinstate GSP facilities

Apparel/Garments | On 19th Mar 2019

Bangladesh urges US to reinstate GSP facilities

Bangladesh commerce Minister Tipu Munshi has again called on the...

Myanmar's CMP export volume reaches $2 bn in 5 months

Apparel/Garments | On 19th Mar 2019

Myanmar's CMP export volume reaches $2 bn in 5 months

The export volume of cut-make-produce (CMP) industries in Myanmar...

Pakistan's textile exports up 1.38% in July-Feb FY19

Textiles | On 19th Mar 2019

Pakistan's textile exports up 1.38% in July-Feb FY19

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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


March 2019

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

news category


Related Categories:

Advanced Search