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PX & PTA trends dip, ethylene bounces back
29
Nov '11
Paraxylene (PX) prices declined in Asian markets and dipped to US$ 1380/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1380/ton to US$ 1390/ton. PX imported from Taiwanese market was quoted around US$ 1380/ton.

In Asian markets, PTA prices fell marginally. In F E Asian and S E Asian region, PTA prices were in between US$ 1055/ton to US$ 1065/ton. PTA imported from Taiwanese market was quoted around US$ 1065/ton. In Chinese domestic market, PTA price marked in between RMB 8100/ton to RMB 8200/ton.

In S E Asian market, Ethylene price bounced back in the range of US$ 1000/ton to US$ 1005/ton. In F E Asian market, price was in the range of US$ 995/ton to US$ 1005/ton. In European domestic market, price was in the range of € 875/ton to € 885/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 51.50 cents/pound to 52.05 cents/pound.

MEG price remained stable, in S E Asian markets. MEG was offered in the range of US$ 1035/ton to US$ 1045/ton. In Chinese domestic market, MEG price was in the range of RMB 8000/ton to RMB 8050/ton. In Asian market, offer price increased to US$ 1050/ton but no deals concluded.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1545/ton to US$ 1555/ton. In F E Asian markets, selling offers were around US$ 1550/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11000/ton.

In Korean markets, FG PET Chips prices was 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$ 1405/ton to US$ 1420/ton. In Chinese market, FG PET Chip hovered at RMB 9900/ton to RMB 10000/ton.

PSF price was stable, in Asian market. PSF offers hovered in the range of US$ 1525/ton to US$ 1535/ton. In S E Asian market, PSF offers were around US$ 1530/ton. In Chinese domestic market, PSF offers were stable 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 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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