Interviews
Daily round-up of global polyester value-chain
21 May '10
1 min read
The free fall in PX prices has ended and prices turned stable at around US $950 / ton. In Korean market, PX was quoted in the range of $950 – 955 / ton, while in the European market price was around $1,000 / ton.
PTA market turned stable, due to the firm wait and watch stance prevailing in the market. Selling offers hovered around $860 / ton. Korean goods in cash offer were still around $855 / ton, up by $5 / ton.
Ethylene prices too improved, due to stable upstream markets. In N E Asia, the prices closed at between $1,275 – 1,280 / ton, while in the S E Asian market the price closed at $1,235 – 1,240 / ton.
In S E Asian market MEG price moved northwards in the range of $755 – 760 / ton, due to which, selling offers increased, Speculators expect a bounce back in the MEG price in near future.
Click here to view and compare daily price trends.
PTA market turned stable, due to the firm wait and watch stance prevailing in the market. Selling offers hovered around $860 / ton. Korean goods in cash offer were still around $855 / ton, up by $5 / ton.
Ethylene prices too improved, due to stable upstream markets. In N E Asia, the prices closed at between $1,275 – 1,280 / ton, while in the S E Asian market the price closed at $1,235 – 1,240 / ton.
In S E Asian market MEG price moved northwards in the range of $755 – 760 / ton, due to which, selling offers increased, Speculators expect a bounce back in the MEG price in near future.
Click here to view and compare daily price trends.
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