Home / Knowledge / News / Textiles / Crude oil prices dip, PX faces no such pressure

Crude oil prices dip, PX faces no such pressure

19
Jan '10
While crude oil prices are falling back, the market is still consolidating within a narrow range of around US $80, which obviously has had less impact on Paraxylene (PX) prices and they are mainly influenced by strong demand and supply of raw materials in Asian region.

Naphtha prices reached $771 per ton, CFR Japan on January 11, to set the highest level since
September 2008, mainly because of tight supply of naphtha in Asia.

It is learnt that production levels in the Middle East continues to be lower than normal and European supply is slower than expected. Meanwhile, demand from cracker units in Northeast Asia is maintaining a healthy pace.

Asian ethylene market in the week rose sharply being bolstered by tight supply. Market participants expect tight supply situation will not ease in February too; leading ethylene prices to maintain an upward trend and will help provide strong cost support to PX market.

In China, the 840,000 PX plant of CNOOC Huizhou stopped production during the previous weekend due to the failure of Xylene device, affecting part of its supply.

In demand side, the operating rate of PTA plants in Asian region has partly recovered from the previous month, polyester prices in downstream production chain have seen increases in varying degrees, sale situation is good, and therefore PX market faces no risks to decline further.

Fibre2fashion News Desk


Must ReadView All

Pic: Shutterstock

Textiles | On 13th May 2021

UK GDP contracted 1.5% in Q1: ONS

The gross domestic product (GDP) of UK is estimated to have...

Pic: Shutterstock

Apparel/Garments | On 13th May 2021

Vietnamese garment manufacturers must boost production: Report

Garment manufacturers in Vietnam need to boost their production...

Pic: The Resilience Fund for Women in Global Value Chains

Apparel/Garments | On 13th May 2021

New fund launched to support women in global value chains

A first-of-its-kind collaborative funding initiative, The Resilience...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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


May 2021

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


Advanced Search