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PX, PTA & MEG trends up, polyester yarn dips
31
Oct '11
Paraxylene (PX) prices went up in Asian markets. In S E Asian region, PX price hovered in the range of US$ 1550/ton to US$ 1560/ton. In F E Asian countries, PX price marked in the range of US$ 1540/ton to US$ 1550/ton. In Chinese market, price surged up and was assessed at US$ 1555ton.

In Asian markets, PTA prices increased. In F E Asian and S E Asian region, PTA prices went up and hovered in between US$ 1140/ton to US$ 1145/ton. PTA imported from Taiwanese market was quoted around US$ 1145/ton. In Chinese market, PTA price was quoted in between RMB 9000/ton to RMB 9025/ton.

In S E Asian market, Ethylene price went down in the range of US$ 990/ton to US$ 995/ton. In F E Asian market, price was unchanged in the range of US$ 985/ton to US$ 995/ton. In European domestic market, price was steady in the range of € 895/ton to € 905/ton. In N W European market, Ethylene price was at US$ 1185/ton (on CIF base). In U.S.A market, Ethylene price was in the range of 47.75 cents/pound to 48.25 cents/pound.

MEG price maintained its upward trend. In Indian markets, MEG was offered in the range of US$ 1160/ton to US$ 1165/ton. In Chinese domestic market, MEG price was in the range of RMB 9075/ton to RMB 9125/ton. In U.S.A market selling offers were around 51.50 cents/gallon.

In S E Asian region, BGPET Chips price was stable and assessed in between US$ 1695/ton to US$ 1705/ton. In F E Asian markets, selling offers were around US$ 1705/ton for export goods. In Chinese market, BG PET Chip went up and offered at RMB 12100/ton.

In Korean markets, FG PET Chips prices went down and stood in the range of US$ 1550/ton to US$ 1560/ton and in Indian market, FOB based price was assessed in the range of US$ 1560/ton to US$ 1580/ton. In Chinese market, FG PET Chip hovered at RMB 11300/ton to RMB 11400/ton.

PSF price remained stable in Asian market. PSF offers hovered in the range of US$ 1785/ton to US$ 1790/ton. In S E Asian market, PSF offers were around US$ 1795/ton. In Chinese domestic market, PSF offers were declined in the range of RMB 12100/ton to RMB 12300/ton.

Polyester POY prices dropped down in Chinese domestic market and were quoted at RMB 13100/ton. FDY and DTY selling offers were unchanged and stood at RMB 13200/ton RMB 15200/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1797/ton, US$ 1798/ton and US$ 2085/ton, respectively.

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Fibre2fashion News Desk - India

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