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PX, PTA & MEG trends dip, PSF stable
13
Mar '12
Paraxylene (PX) price continued to decline in Asian markets. In S E Asian market, PX prices were in the range of US$ 1650/ton to US$ 1660/ton. In F E Asian region, PX prices were in between US$ 1655/ton to US$ 1660/ton. PX imported from Taiwanese market was quoted at lower level around US$ 1655/ton.

In Asian markets, PTA price decreased. In F E Asian and S E Asian region, PTA prices were in between US$ 1200/ton to US$ 1210/ton. PTA imported from Taiwanese market was quoted around US$ 1200/ton. In Chinese domestic market, PTA price fell to around RMB 8850/ton to RMB 8950/ton.

In S E Asian market, Ethylene price was stable at US$ 1390/ton. In F E Asian market, ethylene price was around US$ 1355/ton. In U.S.A market, Ethylene was in the range of 64.00 cents/pound to 64.50 cents/pound. In European market, it stood around € 1330/ton to € 1340/ton. In European domestic market, price was around US$ 1710/ton.

MEG price declined further in S E Asian markets and was offered in the range of US$ 1060/ton to US$ 1070/ton. In Chinese domestic market, MEG price was in the range of US$ 1055/ton to US$ 1065/ton. In Chinese domestic market, selling offers were around RMB 7890/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1680/ton to US$ 1685/ton. In F E Asian markets, selling offers were around US$ 1685/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11850/ton.

In Korean markets, FG PET Chips price increased in the range of US$ 1580/ton to US$ 1590/ton and in Indian market, FOB based price was assessed in the range of US$ 1575/ton to US$ 1580/ton. In Chinese market, FG PET Chip hovered at RMB 11500/ton to RMB 11600/ton.

In N Asian PSF market price was stable in the range of US$ 1640/ton to US$ 1650/ton. In S E Asian market, PSF offers were in the range of US$ 1545/ton to US$ 1555/ton. In Chinese domestic market, PSF offers not changed in the range of RMB 11500/ton to RMB 11550/ton.

Price of Polyester POY was stable in Chinese domestic market. POY price was around RMB 11700/ton. FDY and DTY selling offers were at RMB 12150/ton to RMB 13200/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1590/ton, US$ 1640/ton and US$ 1785/ton, respectively.

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Fibre2fashion News Desk - India

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