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PX, PTA & ethylene trends firm
Jul '11
Paraxylene Asian market remained firm at around US$ 1375/ton. In S E Asian region, price was quoted in between US$ 1370/ton to US$ 1380/ton. In the F E Asian market, price hovered in the range of US$ 1370/ton to US$ 1380/ton. In Chinese market, price went down to US$ 1380/ton.

In S E Asia, sentiments in PTA market were firm at US$ 1155/ton. In Chinese market, PTA trading price hovered around RMB 9050/ton but offer price hovered in between RMB 9025/ton to RMB 9075/ton. In Asian market, PTA price remained range bound in between US$ 1150/ton to US$ 1160/ton. Downstream buyers turned active but buying was in low volumes.

Ethylene price remained firm around US$ 1125/ton in S E Asian market. In F E Asian market price was in the range of US$ 1120/ton to US$ 1125/ton. In European international and domestic market, price remained stable 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 declined slowly, in S E Asian region; price hovered mainly in the range of US$ 1225/ton to US$ 1230/ton. In Indian markets, price of MEG rose to around US$ 1225/ton to US$ 1230/ton and in Chinese market, MEG price stood in the range of RMB 9400/ton to RMB 9450/ton.

BGPET Chips price declined in S E Asian region and was priced between US$ 1595/ton to US$ 1600/ton. In F E Asian markets, selling offers were around US$ 1600/ton for exportable goods. In Chinese market, BG PET Chip was at RMB 11850/ton. BG PET Chip is expected to decline further.

FGPET Chips prices in Korean markets remained stable at around US$ 1540/ton to US$ 1550/ton and in Indian market; it was assessed in the range of US$ 1560/ton to US$ 1580/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$ 1825/ton to US$ 1835/ton. In S E Asian market, PSF offers were around US$ 1840/ton. In Chinese domestic market PSF offers declined to RMB 12500/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 was respectively at US$ 1870/ton, 1825/ton and US$ 2120/ton.

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Fibre2fashion News Desk - India

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