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PX trends dive, ethylene & MEG stable
15
Jun '11
Paraxylene Asian market went down sharply, around US$ 1430/ton. In S E Asian region, price was quoted in between US$ 1425/ton and US$ 1435/ton. In the F E Asian market, price hovered in the range of US$ 1425/ton to US$ 1435/ton. In Chinese market, price went down to US$ 1435/ton.

In S E Asia, sentiments in PTA market went down to US$ 1180/ton. In Chinese market, PTA trading price hovered around RMB 9425/ton but offer price hovered in between RMB 9425/ton to RMB 9450/ton. In Asian market, PTA price remained range bound in between US$ 1180/ton to US$ 1185/ton. Price is expected to rebound from this level.

Ethylene price remained stable at US$ 1140/ton in S E Asian market. In F E Asian market price was in the range of US$ 1135/ton to US$ 1150/ton. In European international and domestic market, price remained around US$ 1500/ton and € 1100/ton, respectively.

MEG market remained stable in S E Asian region; price hovered mainly in the range of US$ 1220/ton to US$ 1225/ton. In Indian markets, price of MEG rose to around US$ 1220/ton to US$ 1230/ton and in Chinese market, MEG price stood in the range of RMB 9400/ton to RMB 9450/ton.

Ethylene price remained stable at US$ 1140/ton in S E Asian market. In F E Asian market price was in the range of US$ 1135/ton to US$ 1150/ton. In European international and domestic market, price remained declined to around US$ 1500/ton and € 1100/ton, respectively.

MEG market remained stable in S E Asian region; price hovered mainly in the range of US$ 1220/ton to US$ 1225/ton. In Indian markets, price of MEG rose to around US$ 1220/ton to US$ 1230/ton and in Chinese market, MEG price stood in the range of RMB 9400/ton to RMB 9450/ton.

PSF price went up in Chinese market; offers hovered around US$ 1895/ton to US$ 1900/ton. In S E Asian market PSF offers were around US$ 1900/ton. In Chinese domestic market, PSF offers were around RMB 13050/ton.

Polyester yarn market in Chinese domestic market remained firm. Offers for FDY and POY were at RMB 13900/ton and RMB 14350/ton respectively. Selling offers for DTY was around RMB 15950/ton. In export market offers for POY, FDY and DTY was at respectively at US$ 1930/ton, 1850/ton and US$ 2135/ton.

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Fibre2fashion News Desk - India

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