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Ethylene & PSF prices up, PTA & polyester yarn firm
25
Jul '11
Paraxylene price declined in Asian market to around US$ 1525/ton. In S E Asian region, price was quoted in between US$ 1520/ton to US$ 1525/ton. In the F E Asian market, price hovered in the range of US$ 1520/ton to US$ 1530/ton. In Chinese market, price went down to US$ 1525/ton.

In S E Asia, PTA price remained firm around US$ 1210/ton. In Chinese market, PTA trading price hovered around RMB 9350/ton but offer price hovered in between RMB 9325/ton to RMB 9375/ton. In Asian market, PTA price remained range bound in between US$ 1205/ton to US$ 1210/ton.

Ethylene price went up to approximately US$ 1180/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1175/ton to US$ 1185/ton. In European international and domestic market, price hovered around US$ 1210/ton and € 845/ton, respectively. In U.S.A market, selling offer for ethylene was in the range of 60.50 cents/pound to 61.50 cents/pound for July delivery.

MEG price remained stable, in S E Asian region. Price hovered mainly in the range of US$ 1210/ton to US$ 1215/ton. In Indian markets, price of MEG increased to around US$ 1210/ton to US$ 1215/ton and in domestic Chinese market, MEG price was in the range of RMB 9300/ton to RMB 9400/ton.

BGPET Chips price remained stable to firm in S E Asian region and was assessed between US$ 1575/ton to US$ 1585/ton. In F E Asian markets, selling offers were around US$ 1580/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 up slowly, in N E Asian market; offers hovered around US$ 1840/ton to US$ 1850/ton. In S E Asian market, PSF offers were around US$ 1845/ton. In Chinese domestic market PSF offers were at RMB 12650/ton.

Polyester yarn prices in Chinese domestic market were firm. Offers for FDY and POY were at RMB 14300/ton. Selling offers for DTY were stable around RMB 16050/ton. In export market offers for POY, FDY and DTY were respectively at US$ 1935/ton, 1915/ton and US$ 2165/ton.

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Fibre2fashion News Desk - India

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