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PX, PTA & MEG prices move northwards
15
Jul '11
Paraxylene price jumped up in Asian market to around US$ 1445/ton. In S E Asian region, price was quoted in between US$ 1440/ton to US$ 1450/ton. In the F E Asian market, price hovered in the range of US$ 1445/ton to US$ 1455/ton. In Chinese market, price went down to US$ 1450/ton.

In S E Asia, PTA market shot up to US$ 1175/ton. In Chinese market, PTA trading price hovered around RMB 9060/ton but offer price hovered in between RMB 9050/ton to RMB 9070/ton. In Asian market, PTA price remained range bound in between US$ 1160/ton to US$ 1175/ton.

Ethylene price remained stable at US$ 1165ton in S E Asian market. In F E Asian market price was in the range of US$ 1160/ton to US$ 1170/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 55.50 cents/pound to 57.50 cents/pound for July delivery.

MEG markets moved northward, in S E Asian region; price hovered mainly in the range of US$ 1170/ton to US$ 1180/ton. In Indian markets, price of MEG rose to around US$ 1170/ton to US$ 1180/ton and in domestic Chinese market, MEG price was 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 improved, in N E Asian market; offers hovered around US$ 1830/ton to US$ 1850/ton. In S E Asian market PSF offers were around US$ 1835/ton. In Chinese domestic market PSF offers were at RMB 12650/ton.

Polyester yarn prices in Chinese domestic market were stable. Offers for FDY and POY were at RMB 13900/ton and RMB 14100/ton respectively, up RMB 100/ton. Selling offers for DTY was around RMB 15900/ton. In export market offers for POY, FDY and DTY were respectively at US$ 1895/ton, 1855/ton and US$ 2135/ton.

Editors Note:
It's expected that the market is on the edge of revival.

Click here to view and compare daily price trends.


Fibre2fashion News Desk - India


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