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PX, PSF & MEG prices continue spurt
09
Dec '11
Paraxylene (PX) prices continued to move higher in Asian markets. In S E Asian market, PX prices spurted to US$ 1460/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1455/ton to US$ 1460/ton. PX imported from Taiwanese market was quoted around US$ 1460/ton.

In Asian markets, PTA prices were range bound. In F E Asian and S E Asian region, PTA prices were in between US$ 1080/ton to US$ 1090/ton. PTA imported from Taiwanese market was quoted around US$ 1090/ton. In Chinese domestic market, PTA price remained firm between RMB 8450/ton to RMB 8550/ton.

In S E Asian market, Ethylene price turned soft in the range of US$ 1075/ton to US$ 1080/ton. In F E Asian market, price was in the range of US$ 1070/ton to US$ 1080/ton. In European domestic market, price was in the range of € 880/ton to € 890/ton. In N W European market, Ethylene price was at US$ 1135/ton (on CIF base).

MEG price went up in S E Asian market and was offered in the range of US$ 1100/ton to US$ 1110/ton. In Chinese domestic market, MEG price was in the range of RMB 8500/ton to RMB 8650/ton. MEG players were optimistic of price rally in short term future.

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. It is expected that PET Chip will remain firm in near term.

PSF price went up, in Asian market. PSF offers hovered in the range of US$ 1620/ton to US$ 1625/ton. In S E Asian market, PSF offers were around US$ 1625/ton. In Chinese domestic market, PSF offers increased to in the range of RMB 11250/ton to RMB 11350/ton.

Polyester POY prices in Chinese domestic market continued to move up slowly. POY price went up to RMB 11900/ton. FDY and DTY selling offers were at to RMB 12600/ton RMB 13300/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1615/ton, US$ 1705/ton and US$ 1800/ton, respectively.

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Fibre2fashion News Desk - India

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