Home / Knowledge / News / Textiles / PX & ethylene gallop higher
PX & ethylene gallop higher
23
Aug '10
Paraxylene opened with a price hike of US $10 / ton and was quoted at $950 / ton in S E Asian market, but could not realize beyond $940 / ton. In Korean market, closing prices increased to $935 / ton, while in Taiwanese market, price was around $942 / ton.

PTA produced in Taiwan was offered at $900 / ton, the buying inquiries were in the range of $880-885 / ton. Offers for the PTA in S E Asian market was at $880 / ton but traded around $870-875 / ton. By the end of the day, sentiment had improved and buyers accepted offers around $880 / ton, but no official confirmation was available.

Ethylene galloped higher and opened with gain of $10 / ton. In Asian market, ethylene price surged to $920 / ton while in the European market, price was in the range of $1015-1025 / ton. In N E Asia market, price stood at around $970-975 / ton.

MEG sellers continued to face struggle at $800 / ton level. Today MEG market went through volatile sessions. Offer price was around $800 / ton but trading could be concluded in the range of $790-795 / ton. Buying inquiries were fulfilled around $785 / ton only.

FG PET Chips were offered in the range of $1180-1200 / ton but deals were concluded in the range of $1170-1180 / ton, which is expected to grow as demand from Latin America was growing.

Click here to view and compare daily price trends.

Please note we are closed tomorrow.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search