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PX, PTA & MEG reverse trends
16
Dec '11
Paraxylene (PX) prices slowly increased in Asian markets. In S E Asian market, PX prices were at US$ 1480/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1475/ton to US$ 1485/ton. PX imported from Taiwanese market was quoted around US$ 1480/ton.

In Asian markets, PTA prices went up. 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$ 1095/ton. In Chinese domestic market, PTA price turned softer and it was around RMB 8400/ton to RMB 8500/ton.

In S E Asian market, Ethylene price remained firm in the range of around US$ 1080/ton to US$ 1085/ton. In F E Asian market, price was in the range of US$ 1080/ton to US$ 1085/ton. In N W European market, Ethylene price was at US$ 1180/ton (on CIF base). In U.S.A market Ethylene price was in the range of 52.00 cents/pound to 52.55 cents/pound.

MEG price inclined slowly, in S E Asian markets and was offered in the range of US$ 1085/ton to US$ 1090/ton. In Chinese domestic market, MEG price was in the range of RMB 8175/ton to RMB 8250/ton. In U.S.A, MEG prices were in the range of 42.50 cents/gallon to 43.25 cents/gallon.

In S E Asian region, BG PET Chips price was stable 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 was offered at RMB 11300/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1415/ton to US$ 1420/ton and in Indian market, FOB based price was assessed in the range of US$ 1425/ton to US$ 1435/ton. In Chinese market, FG PET Chip hovered at RMB 10450/ton to RMB 10550/ton. It is expected that, PET Chip is going to remain firm in near term.

PSF price turned softer, in Asian market. PSF offers hovered in the range of US$ 1610/ton to US$ 1620/ton. In S E Asian market, PSF offers were around US$ 1615/ton. In Chinese domestic market, PSF offers increased, in the range of RMB 11200/ton to RMB 11300/ton.

Polyester POY prices in Chinese domestic market remained unchanged. POY price went up to RMB 11900/ton. FDY and DTY selling offers were at to RMB 12550/ton RMB 13300/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1615/ton, US$ 1700/ton and US$ 1800/ton, respectively.

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Fibre2fashion News Desk - India

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