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Ethylene trends jump, PTA & MEG dip
Jan '12
Paraxylene (PX) prices went down slightly in Asian markets. In S E Asian market, PX prices were at US$ 1580/ton. In F E Asian region, PX prices were in between US$ 1580/ton to US$ 1585/ton. PX imported from Taiwanese market was quoted around US$ 1585/ton.

In Asian markets, PTA price declined. In F E Asian and S E Asian region, PTA prices were in between US$ 1135/ton to US$ 1145/ton. PTA imported from Taiwanese market was quoted around US$ 1140/ton. In Chinese domestic market, PTA price was around RMB 8600/ton to RMB 8700/ton.

In S E Asian market, Ethylene price jumped high in the range of around US$ 1100/ton to US$ 1105/ton. In F E Asian market, price was in the range of US$ 1095/ton to US$ 1105/ton. In N W European market, ethylene price was at US$ 1200/ton (on CIF base). In U.S.A market, ethylene price was in the range of 58.75 cents/pound to 59.25 cents/pound.

MEG prices went down in S E Asian markets and were offered in the range of US$ 1100/ton to US$ 1105/ton. In Chinese domestic market, MEG price was in the range of RMB 8500/ton to RMB 8600/ton. In European market, selling offers were in the range of US$ 955/ton to US$ 965/ton.

In S E Asian region, BG PET Chips price remained unchanged in the range of US$ 1575/ton to US$ 1585/ton. In F E Asian markets, selling offers were around US$ 1580/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11500/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1425/ton to US$ 1440/ton and in Indian market, FOB based price was assessed in the range of US$ 1435/ton to US$ 1445/ton. In Chinese market, FG PET Chip hovered at RMB 10850/ton to RMB 10950/ton.

PSF Asian price was stable in Asian market and hovered in the range of US$ 1720/ton to US$ 1725/ton. In S E Asian market, PSF offers were around US$ 1720/ton. In Chinese domestic market, PSF offers were stable around RMB 11850/ton to RMB 11950/ton.

Polyester POY prices in Chinese domestic market did not change. POY price was around RMB 12050/ton. FDY and DTY selling offers were at RMB 12800/ton to RMB 13400/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1640/ton, US$ 1735/ton and US$ 1820/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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