Home / Knowledge / News / Textiles / PX trends sluggish, MEG price stable
PX trends sluggish, MEG price stable
Aug '10
Paraxylene price opened with sluggish outlook. Price hovered around $925 / ton in Korean market but mainstream counter-offer was still in the range of $880-890 / ton. In Taiwanese spot market, PX prices stood at around $860-865 / ton, due to which, sellers did not turn into active participants.

PTA imported from Taiwan was offered at $890 / ton, counter offer for which ranged between $880-885 / ton, while in Korean market price was around $870 / ton, which was traded around $860-865 / ton. Market sentiment was sluggish and firm offers were absent.

Ethylene prices were unchanged despite poor upstream support. Downstream buyers adopted stance of wait and watch as polyester market was not optimistic about current sales situation. Ethylene price oscillated in between $865-870 / ton in F E Asian market. In S E Asian market, price was around $860 / ton.

MEG price was stable, but buyers adopted firm stance of wait and watch. In the Chinese domestic market, MEG price was in the range of RMB 6600-6700 / ton. Trading price in MEG market was $770-775 / ton, while selling offers for bonded goods were at $780 / ton.

The Chinese Ministry of Commerce has made a final determination after investigation of PTA imports. The probe has come to a conclusion that, PTA originating from South Korea and Thailand has caused substantial damage to PTA industry in China and accordingly has imposed anti-dumping duties on PTA imports from these two countries.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

China’s economy on track to meet growth expectations

China’s GDP has grown at 6.7 per cent in the first three quarters of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search