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PX & MEG prices stable, mixed reactions in ethylene
23
Apr '12
Paraxylene (PX) prices remained stable in Asia. In S E Asian countries, PX prices were unchanged and were assessed in the range of US$ 1560/ton to US$ 1565/ton. In F E Asian market, PX prices were quoted in between US$ 1535/ton to US$ 1540/ton. PX imported from Taiwanese market also was steady and hovered in the range of US$ 1560/ton to US$ 1565/ton.

PTA prices went up in Asian region. In F E Asian and S E Asian countries, PTA prices were witnessed in the range of US$ 1170/ton to US$ 1175/ton. PTA imported from Taiwanese market surged up to US$ 1175/ton. In Chinese domestic market, PTA prices went down slightly and were marked at RMB 8675/ton to RMB 8725/ton.

Ethylene prices had mixed reactions in different markets. In S E Asian countries, Ethylene prices were inert in the range of US$ 1410/ton and US$ 1415/ton. In F E Asian region, Ethylene price slipped down and hovered at US$ 1385/ton. In U.S.A market, Ethylene price went up in the range of 66.50 cents/pound to 67.50 cents/pound. Ethylene prices plunged down in European domestic and international market, and were assessed at € 1200/ton and US$ 1505/ton, respectively.

MEG prices stayed stable. In S E Asian markets, MEG prices hovered in the range of US$ 980/ton to US$ 985/ton. In China market, MEG prices were assessed in the range of US$ 980/ton to US$ 985/ton. In Chinese domestic market, MEG prices remained stable and were offered in between RMB 7425/ton to RMB 7475/ton.

In S E Asian countries, BG PET Chips price was quoted 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 prices at RMB 11000/ton.

In Korean markets, FG PET Chips prices were in the range of US$ 1440/ton to US$ 1460/ton. 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 prices remained stable and were assessed in the range of RMB 10375/ton to RMB 10425/ton.

PSF prices went down slightly in Asian market. In F E Asian market, PSF prices hovered in the range of US$ 1590/ton to US$ 1595/ton. In S E Asian market, PSF selling offers were in the range of US$ 1490/ton to US$ 1495/ton. In Chinese domestic market, PSF prices dropped down and were offered in the range of RMB 11075/ton to RMB 11125/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices remained 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 unchanged at US$ 1520/ton, US$ 1705/ton and US$ 1520/ton, respectively.

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Fibre2fashion News Desk - India

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