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PX & ethylene turn stable, PTA, MEG & PSF fall continues
28
Sep '11
Paraxylene (PX) price was stable due to corrective action. In Asian markets, price was at US$ 1650/ton. In S E Asian region, price was quoted in between US$ 1650/ton to US$ 1655/ton. In the F E Asian market, price hovered in the range of US$ 1645/ton to US$ 1655/ton. In Chinese market, price went down to near US$ 1650/ton.

In S E Asia, PTA price declined further. In Chinese market, offer price hovered in between RMB 9500/ton to RMB 9550/ton. In Asian market, PTA price declined in between US$ 1230/ton to US$ 1235/ton. PTA imported from Taiwanese market was quoted around US$ 1230/ton.

Ethylene price was stable at US$ 1070/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1055/ton to US$ 1065/ton. In European domestic market, price was in the range of € 925/ton to € 935/ton. 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 51.50 cents/pound to 52.00 cents/pound.

MEG price declined to US$ 1235/ton to US$ 1240/ton. In Indian markets, price of MEG fell in the range of US$ 1235/ton to US$ 1245/ton and in domestic Chinese market; price was in the range of RMB 9400/ton to RMB 9450/ton.

BGPET Chips price was stable 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 remained stable 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 descend in Asian market. PSF offers hovered in the range of US$ 1945/ton to US$ 1955/ton. In S E Asian market, PSF offers were around US$ 1955/ton. In Chinese domestic market, PSF offers were in the range of RMB 13350/ton to RMB 13550/ton.

Polyester yarn prices dipped in Chinese domestic market. Offers for POY and FDY were at RMB 14050/ton and RMB 14400/ton. Selling offers for DTY were down to RMB 16050/ton. In export market offers for POY, FDY and DTY were at US$ 1925/ton, 1965/ton and US$ 2195/ton, respectively.

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Fibre2fashion News Desk - India

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