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PX & PTA firm, MEG & PSF prices stable
Aug '11
Paraxylene price opened with firm sentiment in Asian market and hovered around US$ 1570/ton. In S E Asian region, price was quoted in between US$ 1560/ton to US$ 1570/ton. In the F E Asian market, price hovered in the range of US$ 1550/ton to US$ 1570/ton. In Chinese market, price went down to US$ 1565/ton.

In S E Asia, PTA price remained firm around US$ 1230/ton. In Chinese market, PTA trading price hovered around RMB 9550/ton but offer price hovered in between RMB 9525/ton to RMB 9575/ton. In Asian market, PTA price remained range bound in between US$ 1220/ton to US$ 1230/ton.

Ethylene price went up to US$ 1185/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1180/ton to US$ 1190/ton. In European international and domestic market, price hovered around US$ 1350/ton and € 930/ton, respectively. In U.S.A market, selling offer for Ethylene was in the range of 61.00 cents/pound to 61.75 cents/pound.

MEG price remained stable in S E Asian region. Price hovered mainly in the range of US$ 1225/ton to US$ 1235/ton. In Indian markets, price of MEG increased to around US$ 1225/ton to US$ 1230/ton and in domestic Chinese market, MEG price was in the range of RMB 9550/ton to RMB 9650/ton.

BGPET Chips price went up in S E Asian region and was assessed between US$ 1660/ton to US$ 1670/ton. In F E Asian markets, selling offers were around US$ 1665/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12650/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1580/ton to US$ 1600/ton and in Indian market; it was assessed in the range of US$ 1600/ton to US$ 1610/ton. In Chinese market FG PET Chip was at RMB 12600/ton to RMB 12700/ton.

PSF price remained stable, in N E Asian market; offers hovered around US$ 1885/ton to US$ 1895/ton. In S E Asian market, PSF offers were around US$ 1885/ton. In Chinese domestic market PSF offers were at RMB 12950/ton.

Polyester yarn prices in Chinese domestic market were stable. 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.

Editors Note:
Polyester value-chain raw material prices opened with firm sentiment at the beginning of the week.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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