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Decline in prices across PET value chain
12
Jul '11
Paraxylene Asian market declined to around US$ 1400/ton. In S E Asian region, price was quoted in between US$ 1395/ton to US$ 1400/ton. In the F E Asian market, price hovered in the range of US$ 1390/ton to US$ 1400/ton. In Chinese market, price went down to US$ 1400/ton and in domestic market it was around RMB 9300/ton.

In S E Asia, PTA market fell to US$ 1160/ton. In Chinese market, PTA trading price hovered around RMB 8925/ton but offer price hovered in between RMB 8900/ton to RMB 8950/ton. In Asian market, PTA price remained range bound in between US$ 1155/ton to US$ 1165/ton.

Ethylene price dipped up to US$ 1150/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1150/ton to US$ 1155/ton. In European international and domestic market, price hovered around US$ 1200/ton and € 835/ton, respectively. In U.S.A market selling offer for Ethylene was in the range of 56.50 cents/pound to 56.90 cents/pound for July delivery.

MEG markets too dropped in S E Asian region; price hovered mainly in the range of US$ 1180/ton to US$ 1190/ton. In Indian markets, price of MEG rose to around US$ 1185/ton to US$ 1195/ton and in Chinese market, MEG price stood in the range of RMB 9100/ton to RMB 9150/ton.

BGPET Chips price remained stable in S E Asian region and was priced between US$ 1570/ton to US$ 1580/ton. In F E Asian markets, selling offers were around US$ 1575/ton for exportable goods. In Chinese market BG PET Chip was at RMB 11750/ton.

FGPET Chips prices in Korean markets remained stable 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 went down further, in N E Asian market; offers hovered around US$ 1810/ton to US$ 1815/ton. In S E Asian market, PSF offers were around US$ 1815/ton. In Chinese domestic market, PSF offers were at RMB 12450/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.

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Fibre2fashion News Desk - India

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