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PTA & MEG trends up, ethylene down
30
Apr '12
Paraxylene (PX) prices were stable in Asia. In S E Asian countries, PX prices were unchanged and assessed in the range of US$ 1545/ton to US$ 1550/ton. In F E Asian market, PX prices were stable in the range of US$ 1520/ton to US$ 1525/ton. PX imported from Taiwanese market slightly inched up and hovered in the range of US$ 1545/ton to US$ 1550/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$ 1165/ton to US$ 1170/ton. PTA imported from Taiwanese market surged up and were quoted in the range of US$ 1155/ton to US$ 1160/ton. In Chinese domestic market, PTA prices went up and were marked at RMB 8675/ton to RMB 8725/ton.

Ethylene prices dropped down in the Asian countries. In S E Asia, Ethylene prices plunged down and were offered in the range of US$ 1375/ton and US$ 1380/ton. In F E Asian region, Ethylene price hovered at US$ 1355/ton. In U.S.A market, Ethylene price soared up and were quoted in the range of 68.00 cents/pound to 68.50 cents/pound. In European domestic and international market, Ethylene prices plunged down and were assessed at € 1165/ton and US$ 1445/ton, respectively.

MEG prices showed the upward trend in Asia. In S E Asian countries, MEG prices surged up and were marked in the range of US$ 990/ton to US$ 995/ton. In China market, MEG prices jumped to US$ 975/ton to US$ 980/ton. In Chinese domestic market, MEG prices went up and were offered in between RMB 7525/ton to RMB 7575/ton.

In S E Asian countries, BG PET Chips prices also remained stable and were offered in the range of US$ 1520/ton to US$ 1530/ton. In F E Asian markets, counter offers were around US$ 1520/ton for export goods. In Chinese market, BG PET Chip prices were witnessed at RMB 10900/ton.

In Korean markets, FG PET Chips prices remained unchanged and hovered in the range of US$ 1360/ton to US$ 1370/ton. In Indian market, FOB based price went down and were assessed in the range of US$ 1405/ton to US$ 1410/ton. In Chinese market, FG PET Chip prices price went up and were quoted in the range of RMB 10350/ton to RMB 10400/ton.

PSF prices also stayed stable in the Asian countries. In F E Asian market, PSF prices were hovered in the range of US$ 1595/ton to US$ 1600/ton. In S E Asian market, PSF selling offers were in the range of US$ 1495/ton to US$ 1500/ton. In Chinese domestic market, PSF prices were stable in the range of RMB 11100/ton to RMB 11150/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices remained steady 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 stable at US$ 1525/ton, US$ 1710/ton and US$ 1525/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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