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Daily round-up of global polyester value-chain
20
May '10
PX in Asia was on a free drop mode and once more reduced by US $20 / ton. In Korean market, goods almost touched $955 / ton mark, while in European market, price declined by $12 / ton to $1,000 / ton and in US, it went below $950 / ton.

A firm wait and watch stance prevailed in the PTA market. Sellers offered at $860 / ton and PTA prices closed in the range of $855 – 865 / ton. Korean goods in cash offer were quoted around $850 / ton.

Ethylene prices too continued to fall, due to weak upstream markets. In N E Asia, the price closed at $1,265 – 1270 / ton, while in the S E Asian market it closed at $1,225 – 1,230 / ton.

In S E Asian market MEG price was bit stable as price hovered around $755 / ton. Speculators still expect bounce back in the price in near future.

FG PET Chips-
Imported PET chip were offered around $1,200 / ton in Chinese market.

Click here to view and compare daily price trends.

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