Global PX prices show upward trend last week

In Korea, prices went up last week due to strong downstream demand and higher feedstock prices in the region. Prices opened at US$ 1390/ton FOB Korea, higher by US$ 40/ton as compared to the same period of its previous week. Prices were spotted at US$ 1390-1460/ton FOB Korea during the week.

In S.E. Asia, prices showed similar trend as Korea last week. In the initial days last week, prices were at US$ 1410/ton, higher by US$ 35/ton as compared to the same period of its previous week. Prices hovered in the range of US$ 1410-1485/ton CFR S.E. Asia during the week.

In Europe, prices showed similar trend as Asia in the week under review, due to tight product availability in the region. Prices were assessed during the week at US$ 1290-1365/ton FOB Rotterdam. Contract prices for July were settled at € 960/ton FD NWE, higher by € 30/ton as compared to that of June.

In US, prices too showed upward trend. In the initial days of last week, prices were assessed at US$ 1305/ton, higher by US$ 10/ton as compared to the same period of its previous week. Speculators witnessed the spot prices at US$ 1305-1380/ton FOB US during the week.

Fibre2fashion News Desk - India