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Daily round-up of global polyester value-chain
03
May '10
The PX is expected to maintain a short range of oscillation. PX prices for the goods from S Korean market was at US$ 1055/ton while the goods imported from S E Asian ports was in the range of US$ 1070/ton to US$ 1065/ton where deals were conclude around US$ 1060/ton mainly.

Asian PTA spot price declined slowly but it is expected to increase very soon as its fundamentals are strong. The PTA offers for the goods imported from the S E Asian port was in the range of US$ 970/ton to US$ 975/ton while goods from the Korean market discussed at the price US$ 970/ton.

Ethylene market opened with the firm sentiment price took spike hike of US$ 1275/ton. In N E Asian market the Ethylene price jumped above US$ 1300/ton, assessed in the range of US$ 1315/ton to US$ 1320/ton. In European market price was finished at US$ 1125/ton in last week.

MEG price turned stable with the help of spike hike in the upstream. Prices assessed at US$ 890/ton to US$ 885/ton, while counter offer went down below US$ 885/ton. In Chinese domestic market price was in the range of RMB 7450/ton to RMB 7500/ton while counter offer went down to around RMB 7450/ton.

FG PET Chip:
FG PET chip prices edged up in the last month and expected to increase by the end of the current week when Chinese market will reopen. Current price is still hovered in the range of US$ 1155/ton to US$ 1165/ton.

According to feedstock price calculation expert believe that price should be around US$ 1220/ton. Spot prices at the end of March was US$ 1115/ton, up until the end of April it was US$ 1160/ton; Spot prices in the Asian market was strong, while in the Chinese domestic market price was in the range of RMB 9750/ton to RMB 10150/ton.

Click here to view daily price trends.


Fibre2fashion News Desk - India

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