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Ethylene price spurts, PX & MEG stable
09 Sep '10
2 min read
Paraxylene price was stable, in S E Asian market. PX was priced in the range of US $972-973 / ton, whereas in Korean market, PX prices declined to $956 / ton. For October and November delivery, price stood at $957 / ton and $952 / ton, respectively.
PTA price was range bound in S E Asian market in the range of $905-915 / ton. Cargoes imported from S E Asian region, were traded around $910 / ton. Offer of PTA touched the level of $920 / ton but no deals concluded.
In S E Asia, ethylene market price spurted up drastically by $25 / ton and was assessed in the range of $965-975 / ton. Speculators were firm for October deliveries, which were quoted at between $980-1020 / ton. In European market, price of ethylene was in the range of $1020-1025 / ton.
MEG remained stable today around $815 / ton. MEG offers were in the range of $810-815 / ton in the S E Asian market. Buyers remained active in trading around $810 / ton.
Market experts believe that, market is under consolidation period and they expect price rally in short term future.
Click here to view and compare daily price trends.
PTA price was range bound in S E Asian market in the range of $905-915 / ton. Cargoes imported from S E Asian region, were traded around $910 / ton. Offer of PTA touched the level of $920 / ton but no deals concluded.
In S E Asia, ethylene market price spurted up drastically by $25 / ton and was assessed in the range of $965-975 / ton. Speculators were firm for October deliveries, which were quoted at between $980-1020 / ton. In European market, price of ethylene was in the range of $1020-1025 / ton.
MEG remained stable today around $815 / ton. MEG offers were in the range of $810-815 / ton in the S E Asian market. Buyers remained active in trading around $810 / ton.
Market experts believe that, market is under consolidation period and they expect price rally in short term future.
Click here to view and compare daily price trends.
Fibre2fashion News Desk - India
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