Weak downstream PTA prices have led to decline in buying interest from end users, causing Asian PX prices to continue their fall this week. In downstream PTA market, spot prices fell to the level of US$920-925/mt CFR China. Bids as low as US$915/mt CFR China were heard. Declining selling offers for PX were quoted at US$1,170-1,180/mt CFR Asia for July or August shipment. However, yet another drop in upstream isomer xylene and downstream PTA values have led to low buying interest, with bids heard as low as US$1150/mt.
PX prices have dropped in USA this week by almost US$50/mt
14-Jun-07 
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