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PX prices slide, ethylene & MEG move up
Jul '11
Paraxylene prices in Asian market went down to around US$ 1380/ton. In S E Asian region, price was quoted in between US$ 1375/ton and US$ 1380/ton. In the F E Asian market, price hovered in the range of US$ 1375/ton to US$ 1485/ton. In Chinese market, price went down to US$ 1380/ton.

In S E Asia, sentiments in PTA market were firm at US$ 1145/ton. In Chinese market, PTA trading price hovered around RMB 9050/ton, but offer price hovered in between RMB 9050/ton to RMB 9100/ton. In Asian market, PTA price remained range bound in between US$ 1145/ton to US$ 1150/ton. Speculators hold their buying offers and adopted stance of wait and watch.

Ethylene price went up to US$ 1115/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1105/ton to US$ 1115/ton. In European international and domestic market, price remained around US$ 1355/ton and € 890/ton, respectively. In U.S.A market, selling offer for Ethylene was in the range of 55.25 cents/pound to 55.35 cents/pound for July delivery.

MEG markets spurted up slowly in S E Asian region; price hovered mainly in the range of US$ 1235/ton to US$ 1240/ton. In Indian markets, price of MEG rose to around US$ 1235/ton to US$ 1245/ton and in Chinese market, MEG price stood in the range of RMB 9425/ton to RMB 9450/ton.

BGPET Chips price remained stable in S E Asian region and was quoted between US$ 1625/ton to US$ 1635/ton. In F E Asian markets, selling offers were around US$ 1620/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12100/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1540/ton to US$ 1560/ton and in Indian market; it was assessed in the range of US$ 1570/ton to US$ 1590/ton. In Chinese market FG PET Chip was at RMB 11750/ton to RMB 11850/ton.

PSF price remained unchanged in global market; offers hovered around US$ 1845/ton to US$ 1855/ton. In S E Asian market, PSF offers were around US$ 1850/ton. In Chinese domestic market PSF offers were around RMB 12700/ton.

Polyester yarn prices in Chinese domestic market were stable. Offers for FDY and POY were at RMB 13700/ton and RMB 13900/ton, respectively. Selling offers for DTY was around RMB 15800/ton. In export market offers for POY, FDY and DTY were respectively at US$ 1870/ton, 1825/ton and US$ 2120/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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