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PTA & ethylene prices firm, PSF stable
Aug '11
Paraxylene price corrected slowly in Asian market and price was around US$ 1605/ton. In S E Asian region, price was quoted in between US$ 1600/ton to US$ 1610/ton. In the F E Asian market, price hovered in the range of US$ 1605/ton to US$ 1615/ton. In Chinese market, price went down to US$ 1610/ton.

In S E Asia, PTA price remained firm around US$ 1260/ton. In Chinese market, PTA trading price hovered around RMB 9500/ton but offer price hovered in between RMB 9550/ton to RMB 9650/ton. In Asian market, PTA price remained range bound in between US$ 1260/ton to US$ 1270/ton.

Ethylene price remained firm around US$ 1205/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1200/ton to US$ 1210/ton. In European domestic market, price was in the range of € 1000/ton to € 1005/ton. In U.S.A market selling offers for Ethylene was in the range of 63.35 cents/pound to 63.85 cents/pound.

MEG price was range bound in S E Asian region. Price hovered mainly in the range of US$ 1275/ton to US$ 1285/ton. In Indian markets, price of MEG increased to around US$ 1280/ton to US$ 1290/ton and in domestic Chinese market, MEG price was in the range of RMB 9650/ton to RMB 9750/ton.

BGPET Chips price remained stable in S E Asian region in tandem with feedstock prices and assessed between US$ 1670/ton to US$ 1680/ton. In F E Asian markets, selling offers were around US$ 1680/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12600/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1610/ton to US$ 1620/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 12650/ton to RMB 12750/ton.

PSF price remained stable, in N E Asian market; offers hovered in the range of US$ 1895/ton to US$ 1905/ton. In S E Asian market, PSF offers were around US$ 1905/ton. In Chinese domestic market PSF offers were at RMB 13050/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.

Editorial Note:
PET Value chain is under consolidation stage. Buyers were cautious and expected softer price in next week.

Click here to view and compare daily prices.

Fibre2fashion News Desk - India

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