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PX & ethylene trends up, MEG stays weak
27
Jul '11
Paraxylene price inclined in Asian market to around US$ 1560/ton. In S E Asian region, price was quoted in between US$ 1550/ton to US$ 1560/ton. In the F E Asian market, price hovered in the range of US$ 1540/ton to US$ 1560/ton. In Chinese market, price went down to US$ 1555/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 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 weak, 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$ 1630/ton to US$ 1640/ton. In F E Asian markets, selling offers were around US$ 1630/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12550/ton.

FGPET Chips prices in Korean markets remained stable 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 12550/ton to RMB 12650/ton.

PSF price went up in N E Asian market; offers hovered around US$ 1860/ton to US$ 1870/ton. In S E Asian market, PSF offers were around US$ 1850/ton. In Chinese domestic market PSF offers were at RMB 12800/ton.

Polyester yarn prices in Chinese domestic market were firm. Offers for POY and FDY were at RMB 14300/ton and RMB 14350/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, 1930/ton and US$ 2170/ton.

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Fibre2fashion News Desk - India

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