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Daily round-up of global polyester value-chain
25
May '10
PX prices plunged by US $150 / ton from $1,050 / ton to $900 / ton, in tandem with poor upstream energy market. Although the PX price revived slowly, it still traded in the range of $920-925 / ton.

PTA market successfully maintain trading price in the range of $940-950 / ton due to firm upstream market. However, speculators still expect further fall in price.

There was a drastic fall in ethylene prices, due to ample availability in Asian markets. The price declined to $1,105-1,115 / ton in the S E Asian market while in N E Asia price was around $1,125 / ton. In Europe ethylene market price stood at $1,125 / ton.

MEG market sentiment turned firm, offers for offshore cargoes were in the range of $770-780 / ton, while transactions were settled around $765 / ton. Buyers are still trying to pull trading price around $760 / ton.

PET chip SD mainstream discussion for Chinese domestic goods was around RMB 9,250 / ton, while PET Chip SD imported from M E Asia offered around $1,145 / ton. BG PET Chip was still around $1,230-1,250 / ton. PET chips imported from other markets were quoted around $1,180-1,190 / ton.

Click here to view and compare daily price trends.

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