Home / Knowledge / News / Textiles / Asian PTA trends strong, ethylene stays stable
Asian PTA trends strong, ethylene stays stable
Aug '10
Paraxylene price increased at a slow rate from US $895 / ton to $900 / ton. But, mainly deals were concluded around $895 / ton in S E Asian and Chinese market. Market speculators were still worried about overcapacity of the market and remained cautious while trading.

The current PTA offers in Chinese domestic market stood at RMB 7300 / ton but trading price was in range of RMB 7200-7250 / ton. Asian PTA spot market price was strong. Mainstream offer increased to $880 / ton but realized around $870-875 / ton. Offers in Korean spot market was around $855 / ton but transaction was inclined towards $845-850 / ton.

Ethylene prices were stable around $840 / ton in the S E Asian market, while offers in the European market were assessed in the range of $1000-1005 / ton. Price of Ethylene in the US market was in the range of 36-40 cents/pound for late August delivery.

MEG prices rebounded, due to replenishment and were quoted at $750 / ton, but were mainly traded around $735-740 / ton. MEG prices increased, as Formosa Plastics announced to contract customers that MEG supply will decrease by 15 percent.

PX Contractual Market updates:
Sinopec PX contract price for July was announced at RMB 7150 / ton, which is RMB 350 / ton higher than in June and its listed price for August was announced at RMB 7150 / ton. Japan's Idemitsu ACP for PX contract for August is $960 / ton and that of ExxonMobil is $950 / ton (CFR Asia).

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search