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

PTA prices surged up. In F E Asia and S E Asia, PTA prices went up in the range of US$ 1165/ton to US$ 1175/ton. PTA imported from Taiwanese market was assessed at US$ 1165/ton. In Chinese domestic market, PTA price was offered at RMB 8650/ton to RMB 8700/ton.

In S E Asian countries, Ethylene price marched up and was marked at US$ 1425/ton. In F E Asian region, Ethylene price hovered at US$ 1415/ton. In U.S.A market, Ethylene price slipped down marginally and was quoted in the range of 67.50 cents/pound to 68.00 cents/pound. In European domestic market, Ethylene price was stable at € 1230/ton. In European market, Ethylene price was in the range of US$ 1545/ton to US$ 1555/ton.

MEG prices went up significantly following hike in upstream prices. In S E Asian markets, MEG prices were assessed in the range of US$ 960/ton to US$ 965/ton. In China market, MEG price was in the range of US$ 960/ton to US$ 965/ton. In Chinese domestic market, MEG was offered in between RMB 7325/ton to RMB 7375/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 10900/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 unchanged in all the Asian markets. In F E Asian countries, PSF price quoted stable in the range of US$ 1575/ton to US$ 1580/ton. In S E Asian market, PSF selling offers were in the range of US$ 1475/ton to US$ 1480/ton. In Chinese domestic market, PSF prices stayed steady in the range of RMB 9900/ton to RMB 11000/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices stayed stable and were marked at RMB 11200/ton, RMB 12600/ton and RMB 11300/ton, respectively. In export market, offers for POY, DTY and FDY were at US$ 1525/ton, US$ 1710/ton and US$ 1525/ton, respectively.

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Fibre2fashion News Desk - India

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