Home / Knowledge / News / Textiles / Asian PX, PTA & MEG trends continue surge
Asian PX, PTA & MEG trends continue surge
22
Dec '11
Paraxylene (PX) prices shot up in Asian markets. In S E Asian market, PX prices were at US$ 1485/ton. In F E Asia, PX prices went up to between US$ 1480/ton to US$ 1490/ton. PX imported from Taiwanese market was quoted around US$ 1485/ton.

In Asian markets, PTA price surged up. In F E Asian and S E Asian region, PTA prices were in between US$ 1090/ton to US$ 1100/ton. PTA imported from Taiwanese market was quoted around US$ 1095/ton. In Chinese domestic market, PTA price was around RMB 8450/ton to RMB 8500/ton.

In S E Asian market, ethylene price did not change and stood in the range of around US$ 1090/ton to US$ 1095/ton. In F E Asian market, price was in the range of US$ 1090/ton to US$ 1095/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 sharply in S E Asian markets and was offered in the range of US$ 1090/ton to US$ 1100/ton. In Chinese domestic market, MEG price was in the range of RMB 8350/ton to RMB 8450/ton.

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 prices 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. PET Chip is expected to remain firm in near term.

PSF price were stable in Asian market and hovered in the range of US$ 1605/ton to US$ 1615/ton. In S E Asian market, PSF offers were around US$ 1610/ton. In Chinese domestic market, PSF offers were stable around RMB 11100/ton to RMB 11250/ton.

Polyester POY prices in Chinese domestic market remained stable and were quoted around RMB 11850/ton. FDY and DTY selling offers were at RMB 12400/ton and RMB 13300/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1610/ton, US$ 1675/ton and US$ 1800/ton, respectively.

Editorial Note:
In last few days, moderate economic data from USA and European region, provided momentum to oil prices. PX followed the stream and went up along with energy prices. It supported PTA market fundamentals as well. Rest of the products in polyester value chain received support, due to moderate demand from downstream market.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search