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PTA continues decline, ethylene still going strong
20
Feb '12
Paraxylene (PX) price was stable in Asian markets at around US$ 1630/ton. In S E Asian market, PX prices were around US$ 1625/ton. In F E Asian region, PX prices were in between US$ 1625/ton to US$ 1630/ton. PX imported from Taiwanese market was at S$ 1630/ton.

In Asian markets, PTA price continued to decline. In F E Asian and S E Asian region, PTA prices were in between US$ 1175/ton to US$ 1185/ton. PTA imported from Taiwanese market was quoted around US$ 1180/ton. In Chinese domestic market, PTA price stood around RMB 8950/ton to RMB 9050/ton.

In S E Asian market, Ethylene price shot up in the range of US$ 1300/ton to US$ 1305/ton. In F E Asian market, price was in the range of US$ 1290/ton to US$ 1300/ton. In U.S.A market, ethylene price was in the range of 65.75 cents/pound to 66.25 cents/pound. In European market, Ethylene offers were around US$ 1525/ton to US$ 1530/ton.

Overall in MEG market there were mixed reactions. MEG price declined in S E Asian markets and was offered in the range of US$ 1065/ton to US$ 1070/ton. In Chinese domestic market, MEG price inclined in the range of RMB 8100/ton to RMB 8250/ton and counter offers prevailed around US$ 1075/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 11100/ton to RMB 11300/ton.

PSF price declined in N Asian market in the range of US$ 1735/ton to US$ 1740/ton. In S E Asian market, PSF offers were around US$ 1640/ton. In Chinese domestic market, PSF offers were around RMB 12050/ton to RMB 12200/ton.

Polyester POY price was stable in Chinese domestic market and was around RMB 12000/ton. FDY and DTY selling offers were at RMB 12700/ton to RMB 13400/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1640/ton, US$ 1730/ton and US$ 1825/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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