Home / Knowledge / News / Textiles / PX & PTA in correction mode
PX & PTA in correction mode
12
Aug '10
After a quick price hike, Paraxylene went into a correction mode. Price hovered around US $920 / ton in Korean market. While in Taiwanese spot market, PX was quoted at $930-935 / ton, which was realized around $930 / ton.

In tandem with poor upstream, Asian PTA market dwindled down by $10 and was assessed in the range of $870-875 / ton. Korean PTA was offered in the range of $845-855 / ton, while trading price was around $850 / ton. In Chinese domestic market, PTA was priced at RMB 7225 / ton.

Asian spot ethylene prices remained more or less the same. In N E Asia, offers hovered in the range of $900-905 / ton but realized around $870 / ton only. In the S E Asian market, price stood around $860-865 / ton. In European market, price was assessed in the range of $1010-1020 / ton.

Due to poor market fundamentals, MEG prices declined marginally by $3. Selling offers still emerged with price tag of $780 / ton, whereas, deals concluded between $775-777 / ton. Chinese spot glycol market was stable and trading price was in the range of RMB 6400-6450 / ton and selling offer was around RMB 6600/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Shawn Honeycutt
Bolger & O'Hearn

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search