In the week ending November 24,P-Xylene prices were stable-to-soft in Asia,whereas it showed downward trend in Europe and US.
In Korea,P-Xylene prices were stable last week due to sluggish support from the downstream buyers.Prices opened at US$1545/ton FOB Korea,higher by US$10/ton as compared to its previous week.P-Xylene prices were spotted in the range of US$1545-1550/ton FOB Korea.
In S.E.Asia,P-Xylene prices showed downward trend due to weak downstream support.In the initial days of the reporting week,prices were at US$1555/ton,slightly lower as compared to its previous week.Prices hovered in the range of US$1555-1560/ton CFR S.E.Asia.
Contract prices could not be settled in Asia,as no agreements were finalized.
In Europe,P-Xylene prices declined due to dull market sentiments in the region.In the initial days of last week,prices were assessed at US$1460/ton,lower by US$25/ton as compared to the same period of its previous week.P-Xylene prices were assessed during the week at US$1460/ton FOB Rotterdam.
In US too,P-Xylene prices went down.In the initial days of last week,prices were assessed at US$1515/ton,lower by US$10/ton as compared to the same period of its previous week.Speculators witnessed spot prices in the range of US$1505-1515/ton FD US.
November contract prices were settled at 76.5(cents/lb)(US$1683/ton),higher by 1.5(cents/lb)(US$33/ton)as compared to the October contract prices of 75(cents/lb).
