PX & polyester trends slip, ethylene steady

10 Apr '12

3 min read

Paraxylene (PX) prices slid down a bit in Asian markets. In S E Asian countries, PX prices were offered in the range of US$ 1560/ton to US$ 1565/ton. In F E Asia, PX prices were assessed in between US$ 1540/ton to US$ 1545/ton. PX imported from Taiwanese market declined in the range of US$ 1560/ton to US$ 1565/ton.

In F E Asian and S E Asian countries, PTA prices hovered in between US$ 1160/ton to US$ 1170/ton. PTA imported from Taiwanese market was quoted around US$ 1160/ton. In Chinese domestic market, PTA price was unchanged and was marked between RMB 8575/ton to RMB 8625/ton.

In S E Asian market, Ethylene price stayed steady at US$ 1405/ton. In F E Asian countries, Ethylene price was quoted at US$ 1385/ton. In U.S.A market, Ethylene was in the range of 74.75 cents/pound to 75.25 cents/pound. In European domestic market, Ethylene price was stable at € 1230/ton. In European Ethylene market, price was offered in the range of US$ 1545/ton to US$ 1555/ton.

MEG prices remained unchanged in S E Asian markets and were offered in the range of US$ 950/ton to US$ 955/ton. In China market, MEG price was in the range of US$ 950/ton to US$ 960/ton. In Chinese domestic market, selling offers were stable around RMB 7200/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1565/ton to US$ 1575/ton. In F E Asian markets, counter offers were around US$ 1550/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11100/ton.

In Korean markets, FG PET Chips price was stable in the range of US$ 1440/ton to US$ 1460/ton and in Indian market, FOB based price was assessed in the range of US$ 1465/ton to US$ 1475/ton. In Chinese market, FG PET Chip hovered at RMB 10200/ton to RMB 10300/ton.

In F E Asian countries, PSF price descended in the range of US$ 1587/ton to US$ 1592/ton. In S E Asian market, PSF offers were in the range of US$ 1490/ton to US$ 1495/ton. In Chinese domestic market, PSF offers went down and were quoted in the range of RMB 11000/ton to RMB 11100/ton.

In Chinese domestic market, Polyester POY and DTY prices were stable while FDY prices went down. POY and DTY selling offers stayed at the same level of RMB 11250/ton and RMB 12700/ton, respectively. FDY prices fell and were offered at RMB 11300/ton. In export market, offers for POY, FDY and DTY were at US$ 1530/ton, US$ 1520/ton and US$ 1720/ton, respectively.

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Fibre2fashion News Desk - India

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