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Ethylene price plunges, MEG rises
29
Aug '11
Paraxylene price remained stable in Asian markets at around US$ 1660/ton. In S E Asian region, price was quoted in between US$ 1655/ton to US$ 1665/ton. In the F E Asian market, price hovered in the range of US$ 1650/ton to US$ 1660/ton. In Chinese market, price went down to US$ 1660/ton.

In S E Asia, PTA price opened with weak market sentiment. In Chinese market, offer price hovered in between RMB 9900/ton to RMB 10000/ton. In Asian market, PTA price remained range bound in between US$ 1270/ton to US$ 1275/ton. PTA imported from Taiwanese market was around US$ 1275/ton.

Ethylene price went down drastically to US$ 1130/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1130/ton to US$ 1135/ton. In European domestic market, price was in the range of € 995/ton to € 1005/ton and in imported goods it was in between US$ 1380/ton to US$ 1385/ton. In U.S.A market selling offers for Ethylene was in the range of 63.25 cents/pound to 63.80 cents/pound.

MEG price went up to around US$ 1250/ton to US$ 1255/ton. In Indian markets, price of MEG stabilised to around US$ 1245/ton to US$ 1255/ton and in domestic Chinese market, MEG price was in the range of RMB 9600/ton to RMB 9750/ton. MEG price is expected to remain weak in near future.

BGPET Chips price remained stable in S E Asian region in tandem with feedstock prices and assessed between US$ 1720/ton to US$ 1730/ton. In F E Asian markets, selling offers were around US$ 1725/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12900/ton.

FGPET Chips prices in Korean markets stayed unchanged from US$ 1620/ton to US$ 1630/ton and in Indian market; it was assessed in the range of US$ 1610/ton to US$ 1620/ton. In Chinese market FG PET Chip was at RMB 12450/ton to RMB 12550/ton.

PSF price remained stable, in N E Asian market. PSF offers hovered in the range of US$ 1945/ton to US$ 1955/ton. In S E Asian market, PSF offers were around US$ 1945/ton. In Chinese domestic market PSF offers were in the range of RMB 13150/ton to RMB 13300/ton.

Polyester yarn prices in Chinese domestic market remain unchanged. Offers for POY and FDY were at RMB 14200/ton and RMB 14250/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, 1925/ton and US$ 2185/ton.

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Fibre2fashion News Desk - India

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