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Asian PX & PSF trends plunge, PTA moves up
11
May '12
Paraxylene (PX) prices plunged down in the Asian market. In S E Asian countries, PX prices dropped down and were assessed in the range of US$ 1525/ton to US$ 1530/ton. In F E Asian market, PX prices were quoted in between US$ 1500/ton to US$ 1505/ton. PX imported from Taiwanese market declined and hovered in the range of US$ 1530/ton to US$ 1535/ton.

PTA prices moved up in the Asian region. In F E Asian and S E Asian countries, PTA prices inched up and were assessed at US$ 1150/ton and US$ 1155/ton, respectively. PTA imported from Taiwanese market plunged down and were offered at US$ 1140/ton to US$ 1145/ton. In Chinese domestic market, PTA prices surged up in the range of RMB 8575/ton to RMB 8625/ton.

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

In U.S.A market, Ethylene prices stayed stable in the range of 53.50 cents/pound to 54.00 cents/pound. In European international and domestic market, Ethylene prices sharply declined and were quoted at US$ 1365/ton and € 1070/ton, respectively.

MEG prices remained stable in the Asian countries. In S E Asian market, MEG prices hovered in the range of US$ 995/ton to US$ 1000/ton. In China market, MEG prices dropped down and were quoted in the range of US$ 995/ton to US$ 1000/ton. In Chinese domestic market, MEG prices inched up slightly and were offered in between RMB 7550/ton to RMB 7600/ton.

In S E Asian countries, BG PET Chips prices plunged down and were quoted in the range of US$ 1480/ton to US$ 1490/ton. In F E Asian market, counter offers were around US$ 1480/ton for export goods. In Chinese market, BG PET Chip prices stayed steady and were marked at RMB 10850/ton.

In Korean markets, FG PET Chips price stayed stable in the range of US$ 1320/ton to US$ 1330/ton. In Indian market, FOB based price was assessed in the range of US$ 1370/ton to US$ 1375/ton. In Chinese market, FG PET Chip prices remained stable in the range of RMB 10350/ton to RMB 10400/ton.

PSF prices plunged down in the Asian market. In F E Asian market, PSF prices were assessed at US$ 1590/ton. In S E Asian market, PSF selling offers were marked at US$ 1490/ton. In Chinese domestic market, PSF prices stayed stable in the range of RMB 11075/ton to RMB 11125/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged at RMB 11250/ton, RMB 12500/ton and RMB 11300/ton, respectively. In export market, offers for POY, DTY and FDY were stable at US$ 1530/ton, US$ 1690/ton and US$ 1520/ton, respectively.

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Fibre2fashion News Desk - India

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