Home / Knowledge / News / Textiles / PX prices surge, PTA & ethylene remain steady
PX prices surge, PTA & ethylene remain steady
Aug '10
Paraxylene price has been affected by many PX plants shutting down production lines, mainly for maintenance, but the impact of excess supply, made it more difficult to break through. In S E Asian market, PX surged to US $955 / ton, while in Korean market too, PX prices increased to $942 / ton, while in Taiwanese market, price was around $955-960 / ton.

PTA price remained stable to firm in S E Asian market. Offers for PTA were in the range of $885-895 / ton. Cargoes imported from Taiwanese ports, were traded at $890 / ton and offers from S. Korea to China were in range of $870-880 / ton. It is expected that very soon PTA will cross the $900 / ton level.

Ethylene opened without any change, but market experts are still looking for a correction. Price of ethylene was around $980-985 / ton in Asian markets. In the European market, sentiment was bullish as price closed in between $1140-1140 / ton. In US market, ethylene was priced around 40.125 cents / pound.

MEG price went up at slow and steady pace. MEG was assessed around $800 / ton, but, buyers tended to accept price in the range of $790-795 / ton in the S E Asian market. In the Chinese market, price was in the range of RMB 6400-6450 / ton.

A significant decline in demand for FG PET Chips was witnessed as the market sentiment was in stalemate, and buyers continued to adopt stance of wait and watch. Even demand for slice was minor. Offers for chips were around $1200 / ton but deals were mainly concluded around $1175-1185/ton only.

According to forecasts, by 2010, China's total PTA production capacity will reach 16.6 million tons, which stood at 4.2 million tons in 2008.

Market experts forecast that 2010 crude oil prices per barrel would be around $78.63 and in 2011 it could be around $83.84 / barrel. Merrill Lynch analysts said, even if the price of oil temporarily dropped to $65 / barrel, key emerging markets would continue to support regional trends in oil prices next year.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Md Hanifur Rahman
Aman Group

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

Indian textile value chain

'One nation, one tax' is a great concept

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search