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Raw material prices in polyester value chain rise
08
Sep '11
Paraxylene (PX) price went up in Asian markets to around US$ 1715/ton. In S E Asian region, price was quoted in between US$ 1710/ton to US$ 1715/ton. In the F E Asian market, price hovered in the range of US$ 1705/ton to US$ 1715/ton. In Chinese market, price went up to near US$ 1710/ton.

In S E Asia, PTA price shot up. In Chinese market, offer price hovered in between RMB 10200/ton to RMB 10325/ton. In Asian market, PTA price remained range bound in between US$ 1310/ton to US$ 1315/ton. PTA imported from Taiwanese market was quoted around US$ 1310/ton.

Ethylene price was stable at US$ 1100/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1060/ton to US$ 1070/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, last selling offers for ethylene was in the range of 63.30 cents/pound to 63.60 cents/pound.

MEG price too moved up to around US$ 1310/ton to US$ 1320/ton. In Indian markets, price of MEG was stable around US$ 1305/ton to US$ 1315/ton and in domestic Chinese market, MEG price was in the range of RMB 10250/ton to RMB 10400/ton.

BGPET Chips price was stable in S E Asian region and was assessed between US$ 1740/ton to US$ 1750/ton. In F E Asian markets, selling offers were around US$ 1745/ton for exportable goods. In Chinese market BG PET Chip was at RMB 13300/ton.

FGPET Chips prices in Korean markets remained stable at US$ 1635/ton to US$ 1650/ton and in Indian market; it was assessed in the range of US$ 1640/ton to US$ 1645/ton. In Chinese market FG PET Chip was at RMB 12650/ton to RMB 12750/ton.

PSF price increased in N E Asian market. PSF offers hovered in the range of US$ 1980/ton to US$ 1985/ton. In S E Asian market, PSF offers were around US$ 1985/ton. In Chinese domestic market, PSF offers were in the range of RMB 13500/ton to RMB 13650/ton.

Polyester yarn prices in Chinese domestic market climbed up. Offers for POY and FDY were at RMB 14700/ton and RMB 14750/ton. Selling offers for DTY were stable around RMB 16300/ton. In export market offers for POY, FDY and DTY were at US$ 2005/ton, 2015/ton and US$ 2225/ton, respectively.

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Fibre2fashion News Desk - India

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