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MEG prices dip sharply, PX & ethylene rise
02
Apr '12
Paraxylene (PX) price went up in Asian market. In S E Asian market, PX prices were in the range of US$ 1580/ton to US$ 1590/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$ 1585/ton.

In Asian markets, PTA price went down. In F E Asian and S E Asian region, PTA prices were in between US$ 1160/ton to US$ 1170/ton. PTA imported from Taiwanese market was quotege d around US$ 1165/ton. In Chinese domestic market, PTA price declined to around RMB 8600/ton to RMB 8650/ton.

In S E Asian market, Ethylene price went up slowly to US$ 1395/ton. In F E Asian market, ethylene price was at US$ 1395/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 opened with sharp decline in S E Asian markets and was offered in the range of US$ 970/ton to US$ 975/ton. In Chinese domestic market, MEG price was in the range of US$ 970/ton to US$ 980/ton. In Chinese domestic market, selling offers were around RMB 7350/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 was stable in the range of US$ 1607/ton to US$ 1612/ton. In S E Asian market, PSF offers were in the range of US$ 1507/ton to US$ 1512/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.

Editorial Note: PET market opened with mixed fundamentals, while market speculators adopted firm stance of wait and watch.

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Fibre2fashion News Desk - India

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