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Ethylene & MEG trends up, PTA and PSF stable
07
Feb '12
Paraxylene (PX) price increased in Asian markets to US$ 1640/ton. In S E Asian market, PX prices were at US$ 1635/ton. In F E Asian region, PX prices were in between US$ 1635/ton to US$ 1645/ton. PX imported from Taiwanese market was quoted around US$ 1640/ton.

In Asian markets, PTA price was stable. In F E Asian and S E Asian region, PTA prices were in between US$ 1210/ton to US$ 1215/ton. PTA imported from Taiwanese market was quoted around US$ 1210/ton. In Chinese domestic market, PTA price was around RMB 9150/ton to RMB 9250/ton.

In S E Asian market, Ethylene price increased in the range of US$ 1170/ton to US$ 1175/ton. In F E Asian market, price was in the range of US$ 1165/ton to US$ 1175/ton. In U.S.A market, ethylene price was in the range of 64.65 cents/pound to 65.25 cents/pound. In N W European market Ethylene price was in the range of US$ 1435/ton to US$ 1440/ton.

MEG price increased in S E Asian markets 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 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 remained stable, in the range of US$ 1780/ton to US$ 1785/ton. In S E Asian market, PSF offers were around US$ 1690/ton. In Chinese domestic market, PSF offers did not change 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.

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Fibre2fashion News Desk - India

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