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Polyester raw material prices continue to hurtle down
May '12
Paraxylene (PX) prices dropped down in the Asian region. In S E Asian countries, PX prices plunged down and were assessed in the range of US$ 1535/ton to US$ 1540/ton. In F E Asian market, PX prices fell down and were quoted in between US$ 1510/ton to US$ 1515/ton. PX imported from Taiwanese market declined and hovered in the range of US$ 1555/ton to US$ 1560/ton.

PTA prices went down in Asia. In F E Asian and S E Asian countries, PTA prices were witnessed at US$ 1165/ton and US$ 1170/ton, respectively. PTA imported from Taiwanese market plunged down and were offered at US$ 1165/ton to US$ 1170/ton. In Chinese domestic market, PTA prices declined and were marked at RMB 8625/ton to RMB 8675/ton.

Ethylene prices turned down in S E Asia and U.S.A. In S E Asian countries, Ethylene prices plunged down sharply and were marked in the range of US$ 1225/ton and US$ 1230/ton. In F E Asian region, Ethylene price stayed stable and hovered at US$ 1315/ton.

In U.S.A market, Ethylene prices dropped down and were assessed in the range of 62.00 cents/pound to 62.50 cents/pound. In European international and domestic market, Ethylene price remained unchanged and were quoted at US$ 1425/ton and € 1100/ton, respectively.

MEG prices declined in Asian market. In S E Asian market, MEG prices were assessed in the range of US$ 995/ton to US$ 1000/ton. In China market, MEG prices followed the downward movement and were quoted in the range of US$ 1005/ton to US$ 1010/ton. In Chinese domestic market, MEG prices decreased and were offered in between RMB 7525/ton to RMB 7575/ton.

In S E Asian countries, BG PET Chips prices declined in the range of US$ 1490/ton to US$ 1500/ton. In F E Asian market counter offers were around US$ 1490/ton for export goods. In Chinese market, BG PET Chip prices stayed stable and were marked at RMB 10950/ton.

In Korean markets, FG PET Chips prices moved down and were witnessed in the range of US$ 1330/ton to US$ 1340/ton. In Indian market, FOB based price was assessed in the range of US$ 1380/ton to US$ 1385/ton. In Chinese market, FG PET Chip prices were inert in the range of RMB 10425/ton to RMB 10475/ton.

PSF prices dropped down in Asian region. In F E Asian market, PSF prices were assessed at US$ 1600/ton. In S E Asian market, PSF selling offers were marked at US$ 1500/ton. In Chinese domestic market, PSF prices slipped down 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 11250/ton, RMB 12600/ton and RMB 11300/ton, respectively. In export market, offers for POY stayed stable but DTY and FDY declined slightly, which were witnessed at US$ 1535/ton, US$ 1710/ton and US$ 1525/ton, respectively.

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Fibre2fashion News Desk - India

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