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PX, PTA & MEG trends dip, PSF stable
09
Aug '11
Paraxylene price declined sharply in Asian market and price was around US$ 1530/ton. In S E Asian region, price was quoted in between US$ 1525/ton to US$ 1535/ton. In the F E Asian market, price hovered in the range of US$ 1530/ton to US$ 1540/ton. In Chinese market, price went down to US$ 1535/ton.

In S E Asia, PTA price went down by US$ 20/ton, to US$ 1240/ton. In Chinese market, PTA trading price hovered around RMB 9500/ton but offer price hovered in between RMB 9500/ton to RMB 9600/ton. In Asian market, PTA price remained range bound in between US$ 1245/ton to US$ 1250/ton.

Ethylene price remained firm around US$ 1220/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1215/ton to US$ 1220/ton. In European domestic market, price was in the range of € 1005/ton to € 1015/ton and in imported goods it was in between US$1415/ton to US$ 1420/ton. In USA market, selling offers for ethylene was in the range of 62.85 cents/pound to 63.25 cents/pound.

MEG price declined sharply along with allied PET raw material. Price hovered mainly in the range of US$ 1215/ton to US$ 1225/ton. In Indian markets, price of MEG increased to around US$ 1220/ton to US$ 1225/ton and in domestic Chinese market, MEG price was in the range of RMB 9400/ton to RMB 9500/ton.

BGPET Chips price went down in S E Asian region in tandem with feedstock prices and was assessed between US$ 1665/ton to US$ 1675/ton. In F E Asian markets, selling offers were around US$ 1670/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$ 1600/ton to US$ 1610/ton and in Indian market; it was assessed in the range of US$ 1590/ton to US$ 1600/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$ 1940/ton, 1910/ton and US$ 2175/ton.

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Fibre2fashion News Desk - India

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