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

In S E Asia, PTA price declined. In Chinese market, PTA trading price hovered around RMB 9700/ton but offer price hovered in between RMB 9700/ton to RMB 9750/ton. In Asian market, PTA price remained range bound in between US$ 1255/ton to US$ 1265/ton. PTA imported from Taiwanese market was around US$ 1265/ton.

Ethylene price was stable at US$ 1175/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1170/ton to US$ 1175/ton. In European domestic market, price was in the range of € 980/ton to € 990/ton and in imported goods it was in between US$ 1400/ton to US$ 1405/ton. In U.S.A market selling offers for Ethylene was in the range of 60.85 cents/pound to 61.25 cents/pound.

MEG price went down. Price hovered mainly in the range of US$ 1230/ton to US$ 1240/ton. In Indian markets, price of MEG increased to around US$ 1235/ton to US$ 1240/ton and in domestic Chinese market, MEG price was in the range of RMB 9500/ton to RMB 9600/ton.

BGPET Chips price remained stable in S E Asian region in tandem with feedstock prices and was assessed between US$ 1725/ton to US$ 1735/ton. In F E Asian markets, selling offers were around US$ 1730/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12900/ton.

FGPET Chips prices in Korean markets stayed unchanged between 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 12400/ton to RMB 12500/ton.

PSF price remained stable, in N E Asian market; offers hovered in the range of US$ 1905/ton to US$ 1915/ton. In S E Asian market, PSF offers were around US$ 1910/ton. In Chinese domestic market PSF offers were in the range of RMB 12900/ton to RMB 13050/ton.

Polyester yarn prices in Chinese domestic market remain unchanged. Offers for POY and FDY were at RMB 14000/ton and RMB 14100/ton. Selling offers for DTY were stable around RMB 16050/ton. In export market offers for POY, FDY and DTY were respectively at US$ 1925/ton, 1895/ton and US$ 2185/ton.

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Fibre2fashion News Desk - India

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