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Raw material prices across polyester value-chain decline
23
Sep '11
Paraxylene (PX) price declined in Asian markets and was around US$ 1690/ton. In S E Asian region, price was quoted in between US$ 1685/ton to US$ 1695/ton. In the F E Asian market, price hovered in the range of US$ 1685/ton to US$ 1690/ton. In Chinese market, price went down to near US$ 1685/ton.

In S E Asia, PTA price fell further. In Chinese market, offer price hovered in between RMB 9950/ton to RMB 10050/ton. In Asian market, PTA price declined in between US$ 1295/ton to US$ 1305/ton. PTA imported from Taiwanese market was quoted around US$ 1300/ton.

Ethylene price descended slowly to below US$ 1085/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1040/ton to US$ 1050/ton. In European domestic market, price was in the range of € 895/ton to € 905/ton and price of imported goods was in between US$ 1300/ton to US$ 1305/ton.

MEG price dipped further to US$ 1290/ton to US$ 1295/ton. In Indian markets, price of MEG declined in the range of US$ 1285/ton to US$ 1295/ton and in domestic Chinese market, MEG price was in the range of RMB 9950/ton to RMB 10050/ton.

BGPET Chips price increased in S E Asian region and was assessed between US$ 1800/ton to US$ 1805/ton. In F E Asian markets, selling offers were around US$ 1805/ton for export goods. In Chinese market BG PET Chip was at RMB 13400/ton.

FGPET Chips prices in Korean markets stood at US$ 1740/ton to US$ 1750/ton and in Indian market FOB based price was assessed in the range of US$ 1710/ton to US$ 1720/ton. In Chinese market FG PET Chip was at RMB 13000/ton to RMB 13100/ton.

PSF price continued to fall in Asian market. PSF offers hovered in the range of US$ 1985/ton to US$ 1995/ton. In S E Asian market, PSF offers were around US$ 1995/ton. In Chinese domestic market, PSF offers were in the range of RMB 13950/ton to RMB 14050/ton.

Polyester yarn prices in Chinese domestic market also dropped down. Offers for POY and FDY were at RMB 14400/ton and RMB 14700/ton. Selling offers for DTY were stable around RMB 16350/ton. In export market offers for POY, FDY and DTY were at US$ 1970/ton, 1995/ton and US$ 2230/ton, respectively.

Editorial Note:
Polyester Value chain declined, due to weak cues from global economy market.

Click here to view and compare daily price trends.


Fibre2fashion News Desk - India

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