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Asian PX trends slip, ethylene & MEG steady
Apr '12
Paraxylene (PX) prices slid down in all Asian markets. In S E Asian countries, PX prices went down and hovered in the range of US$ 1550/ton to US$ 1555/ton. In F E Asia, PX prices were quoted in between US$ 1530/ton to US$ 1535/ton. PX imported from Taiwanese market declined and was marked in the range of US$ 1550/ton to US$ 1555/ton.

In F E Asian and S E Asian countries, PTA prices were assessed 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 touched 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 price dropped down and was offered in the range of 67.75 cents/pound to 68.25 cents/pound. In European domestic market, Ethylene price was stable at € 1230/ton. In European Ethylene market, price was assessed in the range of US$ 1545/ton to US$ 1555/ton.

MEG prices remained steady in all Asian countries. In S E Asian markets, MEG prices were offered in the range of US$ 955/ton to US$ 960/ton. In China market, MEG price surged up and was quoted in the range of US$ 955/ton to US$ 960/ton. In Chinese domestic market, MEG selling offers jumped up and was quoted at 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 offered stable at RMB 11000/ton.

In Korean markets, FG PET Chips price was steady 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 10250/ton.

PSF prices remained inert in all the Asian markets. In F E Asian countries, PSF price was quoted in the range of US$ 1580/ton to US$ 1585/ton. In S E Asian market, PSF offers were in the range of US$ 1480/ton to US$ 1485/ton. In Chinese domestic market, PSF offers were steady in the range of RMB 9950/ton to RMB 11050/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged. In Chinese domestic market, POY, DTY and FDY selling offers were quoted at the same level of RMB 11200/ton, RMB 12700/ton and RMB 11300/ton, respectively. In export market, offers for POY, DTY and FDY were at US$ 1520/ton, US$ 1720/ton and US$ 1520/ton, respectively.

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Fibre2fashion News Desk - India

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