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Raw material prices in polyester chain continue to fall
Oct '11
Paraxylene (PX) price maintained its downward trend in Asian countries. In S E Asian market, price was assessed in between US$ 1460/ton to US$ 1470/ton. In F E Asian region, PX price marked in the range of US$ 1440/ton to US$ 1450/ton. In Chinese market, price went down and was quoted at US$ 1460ton.

In S E Asia, PTA price dropped down further. In Chinese market, offer price hovered in between RMB 8950/ton to RMB 9025/ton. In Asian market, PTA price declined and hovered in between US$ 1090/ton to US$ 1100/ton. PTA imported from Taiwanese market was quoted around US$ 1080/ton.

Ethylene price plunged down to US$ 995/ton, in S E Asian market. In F E Asian market, price was in the range of US$ 990/ton to US$ 1000/ton. In European domestic market, price was stable in the range of € 905/ton to € 915/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 46.50 cents/pound to 47.50 cents/pound.

MEG price surged up and was offered at US$ 1120/ton to US$ 1130/ton. In Indian markets, MEG price was in the range of US$ 1120/ton to US$ 1125/ton and in Chinese domestic market; price was in the range of RMB 8750/ton to RMB 8825/ton.

BGPET Chips price declined in S E Asian region and hovered in between US$ 1700/ton to US$ 1710/ton. In F E Asian markets, selling offers were around US$ 1705/ton for export goods. In Chinese market BG PET Chip was at RMB 12100/ton.

FGPET Chips prices in Korean markets declined to US$ 1590/ton to US$ 1600/ton and in Indian market FOB based price was assessed in the range of US$ 1565/ton to US$ 1590/ton. In Chinese market FG PET Chip was at RMB 11550/ton to RMB 11650/ton.

PSF price declined in Asian market. PSF offers hovered in the range of US$ 1780/ton to US$ 1785/ton. In S E Asian market, PSF offers were around US$ 1790/ton. In Chinese domestic market, PSF offers were in the range of RMB 12350/ton to RMB 12450/ton.

Polyester yarn price continued to decline in Chinese domestic market. Offers for POY and FDY were at the same level at RMB 13300/ton. Selling offers for DTY were down to RMB 15300/ton. In export market offers for POY, FDY and DTY were at US$ 1815/ton, 1800/ton and US$ 2090/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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