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PX & PTA trends continue surge, ethylene dips
04
May '12
Paraxylene (PX) prices went up in all Asian markets. In S E Asian countries, PX prices surged up and were assessed in the range of US$ 1545/ton to US$ 1550/ton. In F E Asian market, PX prices were quoted in between US$ 1520/ton to US$ 1525/ton. PX imported from Taiwanese market remained unchanged and hovered in the range of US$ 1540/ton to US$ 1545/ton.

PTA prices went up in Asia. 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 remained stable and stood at US$ 1160/ton to US$ 1165/ton. In Chinese domestic market, PTA prices surged up and were marked at RMB 8775/ton to RMB 8825/ton.

Ethylene prices dropped down in S E Asia whereas it remained unchanged in F E Asia. In S E Asian countries, Ethylene price plunged down and marked at US$ 1365/ton to US$ 1370/ton. In F E Asian region, Ethylene price hovered at US$ 1355/ton. In U.S.A market, Ethylene prices declined and were assessed in the range of 64.00 cents/pound to 64.50 cents/pound. In European international and domestic market, Ethylene prices quoted steady at US$ 1445/ton and € 1165/ton, respectively.

MEG prices went up in Asian region. In S E Asian markets, MEG prices hovered in the range of US$ 1025/ton to US$ 1030/ton. In China market, MEG prices stayed steady at US$ 995/ton to US$ 1000/ton. In Chinese domestic market, MEG prices went up and were offered in between RMB 7750/ton to RMB 7800/ton.

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

In Korean markets, FG PET Chips prices remained stable and hovered in the range of US$ 1360/ton to US$ 1370/ton. In Indian market, FOB based price went up and were assessed in the range of US$ 1410/ton to US$ 1415/ton. In Chinese market, FG PET Chip prices remained stable and were quoted in the range of RMB 10350/ton to RMB 10400/ton.

PSF prices went up in Asian market. In F E Asian market, PSF prices hovered in the range of US$ 1605/ton to US$ 1610/ton. In S E Asian market, PSF selling offers were in the range of US$ 1505/ton to US$ 1510/ton. In Chinese domestic market, PSF prices inched up in the range of RMB 11150/ton to RMB 11200/ton.

In Chinese domestic market, Polyester POY prices jumped up while DTY and FDY prices remained stable and were marked at RMB 11250/ton, RMB 12600/ton and RMB 11300/ton, respectively. In export market, offers for POY, DTY and FDY were at US$ 1535/ton, US$ 1715/ton and US$ 1530/ton, respectively.

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Fibre2fashion News Desk - India

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