Home / Knowledge / News / Textiles / PX trends sluggish, ethylene price surges
PX trends sluggish, ethylene price surges
16
Aug '10
Paraxylene price opened with sluggish outlook, in tandem with bearish upstream. Price plunged down by US $20 / ton to $900 / ton in S E Asian market. In U.S.A market, closing prices fell by $5 to $905-910 / ton. In European market, prices remained stable at $930 / ton in Rotterdam market.

In PTA market, trading volume decreased today as speculators were busy in calculation of impact of anti-dumping notice issued by China. Taiwanese produced goods found sporadic inquiry at level of $875-880 / ton and a few deals were confirmed at $880 / ton. Cargoes imported from Korea were offered around $865 / ton.

Ethylene prices surged increased today. Downstream buyers from polyester industry adopted stance of wait and watch. In the S E Asian market price hovered in the range of $870-875 / ton. In European market, price was quoted in the range of $1010-1020 / ton and in U.S.A, ethylene was traded around 34 cents / pound.

MEG sentiment was reluctant in tandem with allied PET raw materials in S E Asian market. Sellers offered in the range of $765-770 / ton. Trading price in MEG market was mainly below $770 / ton, while selling offers for bonded goods was at $775 / ton but no counter offers were received. In Chinese domestic market, price was around RMB 6250 / ton.

FGPET Chips in S E Asian market opened with weak sentiment. Selling offer hovered in the range of $1080-1085 / ton but counter trade offer was prevailing around $1070-1075 / ton only, with expectation of minor correction in near future. Offers for PSF were assessed around $1220 / ton.

Click here to view and compare daily price trends.


Fibre2fashion News Desk - India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harsh Shah

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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