PX prices firmed in Asia on Tuesday. Prices gained on the back of a surge in downstream PTA values.
CFR China rates of PX were assessed up at the USD 1675/mt levels with firmer Isomer MX rates at the USD 1090/mt FOB Korea levels offering support to the price rise.
PTA prices meanwhile rallied. CFR China prices were assessed up at the USD 1510/mt levels on Tuesday. The surge was attributed to the steep climb recorded in cotton futures on the Zhengzhou Commodity Exchange.
Meanwhile, ExxonMobil is reported to have settled its March contract price for PX at the USD 1655/mt CFR mark, a gain of USD 35/mt from Feb.
