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PX & ethylene trends rise, PTA & MEG dip
Feb '12
Paraxylene (PX) price increased in Asian markets to US$ 1620/ton. In S E Asian market, PX prices were at US$ 1620/ton. In F E Asian region, PX prices were in between US$ 1615/ton to US$ 1620/ton. PX imported from Taiwanese market was quoted around US$ 1620/ton.

In Asian markets, PTA price declined. In F E Asian and S E Asian region, PTA prices were in between US$ 1190/ton to US$ 1195/ton. PTA imported from Taiwanese market was quoted around US$ 1190/ton. In Chinese domestic market, PTA price was around RMB 9025/ton to RMB 9050/ton.

In S E Asian market, Ethylene price jumped up in the range of around US$ 1155/ton to US$ 1165/ton. In F E Asian market, price was in the range of US$ 1160/ton to US$ 1165/ton. In U.S.A market, ethylene price was in the range of 65.15 cents/pound to 65.65 cents/pound. In N W European market Ethylene price was in the range of US$ 1425/ton to US$ 1430/ton.

MEG price continued to go down in S E Asian markets and was offered in the range of US$ 1115/ton to US$ 1120/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$ 1645/ton to US$ 1655/ton. In F E Asian markets, selling offers were around US$ 1655/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11850/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1550/ton to US$ 1560/ton and in Indian market, FOB based price was assessed in the range of US$ 1545/ton to US$ 1550/ton. In Chinese market, FG PET Chip hovered at RMB 11200/ton to RMB 11400/ton.

PSF price in N Asian market was stable and was assessed in the range of US$ 1795/ton to US$ 1805/ton. In S E Asian market, PSF offers were around US$ 1805/ton. In Chinese domestic market, PSF offers increased in the range of RMB 12400/ton to RMB 12500/ton.

Polyester POY price was stable in Chinese domestic market. POY price was around RMB 12300/ton. FDY and DTY selling offers were at RMB 13050/ton to RMB 13600/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1680/ton, US$ 1780/ton and US$ 1850/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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