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Asian ethylene prices plunge. PTA stays range bound
08
Jul '10
Market fundamental of Paraxylene turned weak. Mainstream manufacturers in the industry are predicting that, during the third quarter PX would go down below $800/ton. In Asian market, PX was steady in the range of $835-850/ton.

PTA price in the Asian market was range bound in between $845-850/ton. Sellers kept their prices in range of $845-860/ton but was traded around $855/ton. Korean spot offers were around $845/ton.

Ethylene price plunged down in Asian market, In N E Asia it was around $840/ton while in S E Asian market it was around $790-800/ton. In US market, price was around 30.25-30.5 cents/pound. In European market, price was in the range of $995-1000/ton.

In MEG market, the general trading atmosphere of transactions was sluggish, negotiations in Chinese domestic market were at RMB 5,900/ton and imported MEG was quoted at $700/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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