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PTA & ethylene prices stable, PX continues to rise
07
Dec '11
Paraxylene (PX) prices shot up in Asian markets. In S E Asian market, PX prices surged to US$ 1425/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1420/ton to US$ 1430/ton. PX imported from Taiwanese market was quoted around US$ 1425/ton.

In Asian markets, PTA prices were range bound. In F E Asian and S E Asian region, PTA prices were in between US$ 1085/ton to US$ 1095/ton. PTA imported from Taiwanese market was quoted around US$ 1090/ton. In Chinese domestic market, PTA price remain firm between RMB 8500/ton to RMB 8550/ton.

In S E Asian market, Ethylene price was stable in the range of US$ 1075/ton to US$ 1085/ton. In F E Asian market, price was in the range of US$ 1080/ton to US$ 1085/ton. In European domestic market, price was in the range of € 885/ton to € 890/ton. In N W European market, Ethylene price was at US$ 1160/ton (on CIF base). In U.S.A market, Ethylene price was in the range of 50.50 cents/pound to 51.50 cents/pound.

MEG price went up, in S E Asian markets and was offered in the range of US$ 1085/ton to US$ 1095/ton. In Chinese domestic market, MEG price was in the range of RMB 8300/ton to RMB 8400/ton. In European market MEG was around US$ 1000/ton.

In S E Asian region, BG PET Chips price went up in the range of US$ 1560/ton to US$ 1570/ton. In F E Asian markets, selling offers were around US$ 1560/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11300/ton.

In Korean markets, FG PET Chips prices was in the range of US$ 1425/ton to US$ 1435/ton and in Indian market, FOB based price was assessed in the range of US$ 1435/ton to US$ 1440/ton. In Chinese market, FG PET Chip hovered at RMB 10400/ton to RMB 10650/ton. PET Chip is going to remain firm in near term.

PSF price went up, in Asian market. PSF offers hovered in the range of US$ 1585/ton to US$ 1595/ton. In S E Asian market, PSF offers were around US$ 1590/ton. In Chinese domestic market, PSF offers increased, in the range of RMB 11000/ton to RMB 11050/ton.

Polyester POY prices in Chinese domestic market inclined slowly. POY price went up to RMB 11750/ton. FDY and DTY selling offers were at to RMB 12200/ton RMB 13200/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1595/ton, US$ 1645/ton and US$ 1785/ton, respectively.

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Fibre2fashion News Desk - India

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