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PX price recovers, PSF & polyester yarn stable
23
Nov '11
Paraxylene (PX) prices corrected positively, in Asian markets and regained quote above US$ 1405/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1405/ton to US$ 1410/ton. PX imported from Taiwanese market was quoted around US$ 1410/ton.

In Asian markets, PTA prices remained unchanged. In F E Asian and S E Asian region, PTA prices were in between US$ 1060/ton to US$ 1070/ton. PTA imported from Taiwanese market was quoted around US$ 1070/ton. In Chinese domestic market, PTA price marked in between RMB 8250/ton to RMB 8300/ton.

In S E Asian market, Ethylene price did not change from the range of US$ 1000/ton to US$ 1005/ton. In F E Asian market, price was in the range of US$ 1020/ton to US$ 1025/ton. In European domestic market, price was in the range of € 890/ton to € 895/ton. In N W European market, Ethylene price was at US$ 1155/ton (on CIF base). In U.S.A market, Ethylene price was in the range of 51.75 cents/pound to 52.25 cents/pound.

MEG price declined, in S E Asian markets. MEG was offered in the range of US$ 1070/ton to US$ 1080/ton. In Chinese domestic market, MEG price was in the range of RMB 8200/ton to RMB 8300/ton. In European market selling offers were in the range of US$ 1140/ton to US$ 1150/ton.

In S E Asian region, BG PET Chips price was stable around US$ 1565/ton to US$ 1575/ton. In F E Asian markets, selling offers were around US$ 1570/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11000/ton.

In Korean markets, FG PET Chips prices were marked in the range of US$ 1400/ton to US$ 1410/ton and in Indian market, FOB based price was assessed in the range of US$ 1410/ton to US$ 1425/ton. In Chinese market, FG PET Chip hovered at RMB 9950/ton to RMB 10000/ton.

PSF price remained stable, in Asian market. PSF offers hovered in the range of US$ 1530/ton to US$ 1540/ton. In S E Asian market, PSF offers were around US$ 1535/ton. In Chinese domestic market, PSF offers declined in the range of RMB 10650/ton to RMB 10750/ton.

Polyester POY prices in Chinese domestic market remained stable. POY price was at RMB 11250/ton. FDY and DTY selling offers were at to RMB 11800/ton RMB 13400/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1515/ton, US$ 1585/ton and US$ 1810/ton, respectively.

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Fibre2fashion News Desk - India

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