Home / Knowledge / News / Textiles / Asian PTA trends strong, ethylene stays stable
Asian PTA trends strong, ethylene stays stable
03
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 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search