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PX & MEG trends rebound, PTA & PSF still go downhill
May '12
Paraxylene (PX) prices went up in Asian region. In S E Asian countries, PX prices surged up and were assessed in the range of US$ 1540/ton to US$ 1545/ton. In F E Asian market, PX prices were quoted in between US$ 1515/ton to US$ 1520/ton. PX imported from Taiwanese market declined and hovered in the range of US$ 1535/ton to US$ 1540/ton.

PTA prices moved down in Asia. In F E Asian and S E Asian countries, PTA prices were witnessed at US$ 1160/ton and US$ 1165/ton, respectively. PTA imported from Taiwanese market plunged down and were offered at US$ 1160/ton to US$ 1165/ton. In Chinese domestic market, PTA prices declined and were marked at RMB 8525/ton to RMB 8575/ton.

Ethylene prices stayed stable in the Asian region. In S E Asian countries, Ethylene prices were inert in the range of US$ 1225/ton and US$ 1230/ton. In F E Asian region, Ethylene price remained unchanged at US$ 1315/ton.

In U.S.A market, Ethylene prices declined and were assessed in the range of 60.50 cents/pound to 61.00 cents/pound. In European international and domestic market, Ethylene prices were steady and quoted at US$ 1425/ton and € 1100/ton, respectively.

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

In S E Asian countries, BG PET Chips prices remained stable and were quoted 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 plunged down and were marked at RMB 10850/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 were assessed in the range of US$ 1380/ton to US$ 1385/ton. In Chinese market, FG PET Chip prices dropped down and were assessed in the range of RMB 10350/ton to RMB 10400/ton.

PSF prices declined in the Asian region. In F E Asian market, PSF prices were assessed at US$ 1595/ton. In S E Asian market, PSF selling offers were marked at US$ 1495/ton. In Chinese domestic market, PSF prices slipped down in the range of RMB 10975/ton to RMB 11025/ton.

In Chinese domestic market, Polyester DTY prices went down were marked at RMB 12500/ton and POY, FDY prices remained steady and were quoted at RMB 11250/ton and RMB 11300/ton, respectively. In export market, offers for POY and DTY declined, which were witnessed at US$ 1530/ton, US$ 1695/ton and FDY remained stable and were assessed at US$ 1525/ton, respectively.

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Fibre2fashion News Desk - India

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