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Daily round-up of global polyester value-chain
11
May '10
Paraxylene went up with the trend noticed in upstream raw materials with a quick impact. Asian PX market touched bottom of US $1030 / ton and bounced back to $1040 / ton.

PTA prices fell down with the twin impact of poor upstream and weak demand. In S E Asian market, PTA was assessed in the range of $935 – 940 / ton. In Chinese domestic market, price hovered around RMB 7,650 / ton.

In S E Asian market, ethylene prices declined to $1245 - 1248 / ton, down by $ 10 / ton, compared with the previous trading day. In N E Asian market, the closing price of ethylene firmed up to around $1295 / ton. In China, ethylene market price was around RMB 11,000 / ton.

MEG market has continued to decline since last one week, price has eroded daily by $10 / ton. Asian buyers continued to pull down offer rate to $855 / ton.

FG PET Chip turned weak. Price went down to $1150 / ton. In Chinese domestic market price was in the range of RMB 9,900 – 10,000 / ton.

Click here to compare daily price trends.

Fibre2fashion News Desk - India

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