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Dip in raw material prices of polyester chain continues
Nov '11
Paraxylene (PX) prices went up in Asian markets. In S E Asian region, PX price hovered in the range of US$ 1425/ton to US$ 1430/ton. In F E Asian countries, PX price was marked in the range of US$ 1420/ton to US$ 1430/ton. In Chinese market, price surged up and was assessed at US$ 1430/ton.

In Asian markets, PTA prices declined. In F E Asian and S E Asian region, PTA prices were in between US$ 1065/ton to US$ 1075/ton. PTA imported from Taiwanese market was quoted around US$ 1070/ton. In Chinese market, PTA price was marked in between RMB 8200/ton to RMB 8300/ton.

In S E Asian market, Ethylene price went down to the range of US$ 975/ton to US$ 980/ton. In F E Asian market, price was in the range of US$ 975/ton to US$ 985/ton. In European domestic market, price was in the range of € 860/ton to € 865/ton. In N W European market, Ethylene price was at US$ 1170/ton (on CIF base). In U.S.A market, Ethylene price was in the range of 49.25 cents/pound to 49.75 cents/pound.

MEG price fell in S E Asian markets. MEG was offered in the range of US$ 1120/ton to US$ 1125/ton. In Chinese domestic market, MEG price was in the range of RMB 8600/ton to RMB 8650/ton. In European market selling offer was in the range of US$ 1165/ton to US$ 1170/ton.

In S E Asian region, BG PET Chips price remained stable in between US$ 1620/ton to US$ 1630/ton. In F E Asian markets, selling offers were around US$ 1630/ton for export goods. In Chinese market, BG PET Chip went up and was offered at RMB 11500/ton.

In Korean markets, FG PET Chips prices was marked in the range of US$ 1430/ton to US$ 1450/ton and in Indian market, FOB based price was assessed in the range of US$ 1430/ton to US$ 1445/ton. In Chinese market, FG PET Chip hovered at RMB 10350/ton to RMB 10450/ton.

PSF price declined further in Asian market. PSF offers hovered in the range of US$ 1670/ton to US$ 1680/ton. In S E Asian market, PSF offers were around US$ 1680/ton. In Chinese domestic market, PSF offers declined in the range of RMB 11450/ton to RMB 11550/ton.

Polyester POY prices dropped down in Chinese domestic market. POY prices slipped down and were quoted at RMB 12100/ton. FDY and DTY selling offers too fell drastically to RMB 12500/ton RMB 14500/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1650/ton, US$ 1695/ton and US$ 1980/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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