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Daily round-up of global polyester value-chain
26
May '10
Experts do not rule out the possibility of rebound in PX and PTA prices which have plunged in recent days, once the crude oil market stabilizes and thus bring some psychological support. Current PX price in S E Asian market stood at around US $885 / ton.

PTA market prices too tumbled down in tandem with upstream market. Prices were assessed in the range of $835-840 / ton due to firm upstream market. Speculators still expect further fall in price.

Ethylene prices remained weak in synergy with poor upstream market. The prices further declined to $1,100-1,105 / ton in the S E Asian market while in N E Asia, price stood at around $1,110 / ton.

MEG market sentiment touched almost the bottom. Offers for were in the range of $750-760 / ton, while trading concluded at around $765 / ton. Buyers are still trying to pull trading price around $740 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk

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