PX & MEG prices fall, FGPET chip & PSF up

16 Sep '11

3 min read

Paraxylene (PX) price decreased marginally in Asian markets and stood around US$ 1725/ton. In S E Asian region, price was quoted in between US$ 1720/ton to US$ 1725/ton. In the F E Asian market, price hovered in the range of US$ 1720/ton to US$ 1730/ton. In Chinese market, price went up near US$ 1725/ton.

In S E Asia, PTA price remained stable. In Chinese market, offer price hovered in between RMB 10600/ton to RMB 10700/ton. In Asian market, PTA price remained range bound in between US$ 1355/ton to US$ 1360/ton. PTA imported from Taiwanese market was quoted around US$ 1355/ton.

Ethylene price remained stable, at US$ 1090/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1050/ton to US$ 1060/ton. In European domestic market, price was in the range of € 990/ton to € 995/ton and in imported goods, it was in between US$ 1375/ton to US$ 1380/ton. In U.S.A market, last selling offers for ethylene was in the range of 62.60 cents/pound to 62.95 cents/pound.

MEG price went down to US$ 1320/ton to US$ 1330/ton. In Indian markets, price of MEG was stable around US$ 1320/ton to US$ 1325/ton and in domestic Chinese market, MEG price was in the range of RMB 10200/ton to RMB 10250/ton.

BGPET Chips price was stable in S E Asian region and was assessed between US$ 1755/ton to US$ 1765/ton. In F E Asian markets, selling offers were around US$ 1765/ton for exportable goods. In Chinese market BG PET Chip was at RMB 13275/ton.

FGPET Chips prices in Korean markets improved marginally at US$ 1690/ton to US$ 1710/ton and in Indian market; it was assessed in the range of US$ 1690/ton to US$ 1705/ton. In Chinese market FG PET Chip was at RMB 13000/ton to RMB 13100/ton.

PSF price went up in N E Asian market. PSF offers hovered in the range of US$ 2005/ton to US$ 2010/ton. In S E Asian market, PSF offers were around US$ 2005/ton. In Chinese domestic market, PSF offers were in the range of RMB 13900/ton to RMB 14050/ton.

Polyester yarn prices in Chinese domestic market remained stable. Offers for POY and FDY were at RMB 14800/ton and RMB 14850/ton. Selling offers for DTY were stable around RMB 16350/ton. In export market, offers for POY, FDY and DTY were at US$ 2030/ton, 2025/ton and US$ 2235/ton, respectively.

Editorial Note:
PSF price firm in line with allied natural spinning fibres despite, disturbed polyester value chain.

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Fibre2fashion News Desk - India

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