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PX prices steady, PTA trends under pressure
Aug '10
Paraxylene prices were steady after declining to US $920 / ton. In Taiwanese spot market, PX prices were assessed around $915-920 / ton. In Korean markets, offers hovered around $905 / ton. Future offers for late August delivery in Korean and Taiwanese market were at $898 / ton and $912 / ton, respectively.

The PTA market inventory was under high pressure. Selling offers softened around $870-875 / ton. In the Chinese domestic market price was around RMB 7200 / ton.

Ethylene price too remained stable in the Asian markets around $860 / ton but deals were concluded in the range of $855-860 / ton only. In European markets, price was just above $1000 / ton while in European domestic market, price was in the range of €955-960 / ton.

Buying activities in MEG market turned sluggish. Selling offers was mainly in the range of $750-755 / ton. Counter offers were in the range of $745-750 / ton. In the Chinese domestic market, price was in the range of RMB 6300-6400 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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