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PX, PTA, ethylene and MEG trends fall in tandem
Aug '11
Paraxylene (PX) price declined marginally in Asian markets to around US$ 1670/ton. In S E Asian region, price was quoted in between US$ 1670/ton to US$ 1675/ton. In the F E Asian market, price hovered in the range of US$ 1670/ton to US$ 1675/ton. In Chinese market, price went down to US$ 1670/ton.

In S E Asia, PTA price went down in tandem with market sentiment. In Chinese market, offer price hovered in between RMB 10050/ton to RMB 10150/ton. In Asian market, PTA price remained range bound in between US$ 1270/ton to US$ 1275/ton. PTA imported from Taiwanese market was quoted around US$ 1275/ton.

Ethylene price declined to US$ 1125/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1120/ton to US$ 1130/ton. In European domestic market, price was in the range of € 990/ton to € 1000/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 63.30 cents/pound to 63.60 cents/pound.

MEG price went down to around US$ 1265/ton to US$ 1270/ton. In Indian markets, price of MEG stabilised to around US$ 1260/ton to US$ 1270/ton and in domestic Chinese market, MEG price was in the range of RMB 9800/ton to RMB 9850/ton.

BGPET Chips price remained stable in S E Asian region and was 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 at US$ 1625/ton to US$ 1635/ton and in Indian market; it was assessed in the range of US$ 1615/ton to US$ 1625/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$ 1955/ton to US$ 1970/ton. In S E Asian market, PSF offers were around US$ 1965/ton. In Chinese domestic market, PSF offers were in the range of RMB 13250/ton to RMB 13400/ton.

Polyester yarn prices in Chinese domestic market went up. Offers for POY and FDY were at RMB 14400/ton and RMB 14450/ton. Selling offers for DTY were stable around RMB 16150/ton. In export market offers for POY, FDY and DTY were at US$ 1970/ton, 1960/ton and US$ 2200/ton, respectively.

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Fibre2fashion News Desk - India

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