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PSF prices bounce back, ethylene & MEG stable
29
Mar '12
Paraxylene (PX) price inclined up in Asian market. In S E Asian market, PX prices were in the range of US$ 1590/ton to US$ 1600/ton. In F E Asian region, PX prices were in between US$ 1585/ton to US$ 1595/ton. PX imported from Taiwanese market was stable at level of around US$ 1595/ton.

In Asian markets, PTA price went high. 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 was around RMB 8750/ton to RMB 8800/ton.

In S E Asian market, Ethylene price was stable at US$ 1390/ton. In F E Asian market, ethylene price was at US$ 1385/ton. In U.S.A market, Ethylene was in the range of 67.50 cents/pound to 68.55 cents/pound. In European domestic market, price range was € 1290/ton to € 1300/ton. In European market, price was around US$ 1635/ton.

MEG price was stable in S E Asian markets and was offered in the range of US$ 995/ton to US$ 1000/ton. In Chinese market, MEG price was in the range of US$ 990/ton to US$ 995/ton. In Chinese domestic market, selling offers were around RMB 7550/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1590/ton to US$ 1600/ton. In F E Asian markets, selling offers were around US$ 1600/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11450/ton.

In Korean markets, FG PET Chips price was stable in the range of US$ 1505/ton to US$ 1515/ton and in Indian market, FOB based price was assessed in the range of US$ 1530/ton to US$ 1535/ton. In Chinese market, FG PET Chip hovered at RMB 11200/ton to RMB 11400/ton.

In N Asian PSF market, price bounced back in the range of US$ 1605/ton to US$ 1615/ton. In S E Asian market, PSF offers were in the range of US$ 1505/ton to US$ 1515/ton. In Chinese domestic market, PSF offers were in the range of RMB 11150/ton to RMB 11250/ton.

Price of Polyester POY was stable in Chinese domestic market. POY price was around RMB 11350/ton. FDY and DTY selling offers remained mixed at RMB 11500/ton to RMB 12700/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1545/ton, US$ 1555/ton and US$ 1720/ton, respectively.

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Fibre2fashion News Desk - India

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