Home / Knowledge / News / Textiles / Raw material prices across polyester value chain continue to dip
Raw material prices across polyester value chain continue to dip
26
Sep '11
Paraxylene (PX) price declined in Asian markets to around US$ 1670/ton. In S E Asian region, price was quoted in between US$ 1665/ton to US$ 1675/ton. In the F E Asian market, price hovered in the range of US$ 1665/ton to US$ 1670/ton. In Chinese market, price went down near US$ 1670/ton.

In S E Asia, PTA price fell further. In Chinese market, offer price hovered in between RMB 9925/ton to RMB 9975/ton. In Asian market, PTA price declined in between US$ 1270/ton to US$ 1275/ton. PTA imported from Taiwanese market was quoted around US$ 1275/ton.

Ethylene price declined at slower rate and was assessed below US$ 1080/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1030/ton to US$ 1040/ton. In European domestic market, price was in the range of € 860/ton to € 870/ton and price of imported goods was in between US$ 1245/ton to US$ 1255/ton. In U.S.A domestic market selling offers were in the range of 52.50 cents/pound to 53.00 cents/pound.

MEG price descended sharply to US$ 1245/ton to US$ 1255/ton. In Indian markets, price of MEG fell in the range of US$ 1250/ton to US$ 1255/ton and in domestic Chinese market, MEG price was in the range of RMB 9800/ton to RMB 9850/ton.

BGPET Chips price decreased in S E Asian region and was assessed between US$ 1785/ton to US$ 1795/ton. In F E Asian markets, selling offers were around US$ 1795/ton for export goods. In Chinese market BG PET Chip was at RMB 13300/ton.

FGPET Chips prices in Korean markets declined marginally at US$ 1735/ton to US$ 1745/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 12900/ton to RMB 13000/ton.

PSF price continued to dip in Asian market. PSF offers hovered in the range of US$ 1975/ton to US$ 1985/ton. In S E Asian market, PSF offers were around US$ 1980/ton. In Chinese domestic market, PSF offers were in the range of RMB 13600/ton to RMB 13650/ton.

Polyester yarn prices in Chinese domestic market declined. Offers for POY and FDY were at RMB 14200/ton and RMB 14500/ton. Selling offers for DTY were stable around RMB 16200/ton. In export market offers for POY, FDY and DTY were at US$ 1945/ton, 1975/ton and US$ 2215/ton, respectively.

Editorial Note:
In last 10 days price of PTA and MEG declined by approximately US$ 100/ton. Market speculators were highly cautious while trading, as future direction remained vague.

Click here to view and compare daily prices


Fibre2fashion News Desk - India


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