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Decline in raw material prices of polyester value chain continues
20
Oct '11
Paraxylene (PX) price went down further in Asian markets and stood at US$ 1570/ton. In S E Asian region, price was quoted in between US$ 1565/ton to US$ 1570/ton. In the F E Asian market, price hovered in the range of US$ 1560/ton to US$ 1570/ton. In Chinese market, price went down near US$ 1565ton.

In S E Asia, PTA price went down. In Chinese market, offer price hovered in between RMB 9000/ton to RMB 9050/ton. In Asian market, PTA price was in between US$ 1170/ton to US$ 1175/ton. PTA imported from Taiwanese market was quoted around US$ 1170/ton.

Ethylene price stayed unchanged at US$ 1040/ton, in S E Asian market. In F E Asian market, price was in the range of US$ 1035/ton to US$ 1040/ton. In European domestic market, price was in the range of € 920/ton to € 925/ton. In the N W European market Ethylene price was at US$ 1245/ton (on CIF base). In U.S.A market Ethylene price was in the range of 48.25 cents/pound to 49.50 cents/pound.

MEG price declined sharply to US$ 1180/ton to US$ 1185/ton. In Indian markets, price of MEG was in the range of US$ 1180/ton to US$ 1185/ton and in domestic Chinese market; price was in the range of RMB 8900/ton to RMB 8950/ton. In U.S.A market selling offers were around 45 cents/pound.

BGPET Chips price was stable in S E Asian region and was assessed between US$ 1720/ton to US$ 1730/ton. In F E Asian markets, selling offers were around US$ 1725/ton for export goods. In Chinese market BG PET Chip was at RMB 12300/ton.

FGPET Chips prices in Korean markets declined to US$ 1625/ton to US$ 1650/ton and in Indian market FOB based price was assessed in the range of US$ 1600/ton to US$ 1625/ton. In Chinese market FG PET Chip was at RMB 11800/ton to RMB 11900/ton.

PSF price went down sharply in Asian market. PSF offers hovered in the range of US$ 1810/ton to US$ 1820/ton. In S E Asian market, PSF offers were around US$ 1820/ton. In Chinese domestic market, PSF offers were in the range of RMB 12600/ton to RMB 12650/ton.

Polyester yarn price declined in Chinese domestic market. Offers for POY and FDY were at RMB 13500/ton and RMB 13650/ton. Selling offers for DTY were down to RMB 15600/ton. In export market offers for POY, FDY and DTY were at US$ 1840/ton, 1850/ton and US$ 2130/ton, respectively.

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Fibre2fashion News Desk - India

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