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PX & PSF prices rise, MEG stable
Jul '11
Paraxylene price inclined in Asian market to around US$ 1535/ton. In S E Asian region, price was quoted in between US$ 1530/ton to US$ 1535/ton. In the F E Asian market, price hovered in the range of US$ 1525/ton to US$ 1535/ton. In Chinese market, price went down to US$ 1530/ton.

In S E Asia, PTA price remained firm at 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 remained unchanged at around 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 9350/ton to RMB 9400/ton.

BGPET Chips price shot up in S E Asian region and was assessed between US$ 1600/ton to US$ 1620/ton. In F E Asian markets, selling offers were around US$ 1610/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12250/ton.

FGPET Chips prices in Korean markets remained stable at around US$ 1550/ton to US$ 1560/ton and in Indian market; it was assessed in the range of US$ 1570/ton to US$ 1580/ton. In Chinese market FG PET Chip was at RMB 11950/ton to RMB 12050/ton.

PSF price went up slowly, in N E Asian market; offers hovered around US$ 1850/ton to US$ 1860/ton. In S E Asian market, PSF offers were around US$ 1850/ton. In Chinese domestic market PSF offers were at RMB 12750/ton.

Polyester yarn prices in Chinese domestic market were firm. Offers for POY and FDY were at RMB 14375/ton and RMB 14275/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, 1925/ton and US$ 2165/ton.

Editors Note:
Polyester value chain is poised for bullish run. Long term price rally is expected in Polyester value chain, in near future.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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