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PTA prices decline, ethylene stays unchanged
29
Sep '10
Paraxylene maintained it trading price level around US $1050 / ton in S E Asian market and was offered in the range of $1050-1055 / ton. Optimistic sellers kept their price around $1060 / ton but no deal was concluded at this level. In Korean market, PX was quoted in the range of $1040-1045 / ton.

In S E Asia, PTA price declined marginally to $940 / ton. In Indian market, price of PTA was assessed above $935-940 / ton. In Chinese and Taiwanese market, PTA was stable in the range of $945-935 / ton.

Ethylene price remained unchanged in the range of $1035-1037 / ton in S E Asian market. Similarly in the US price was stable at 34.25 cents / pound. In European market, ethylene hovered in the range of $1040-1045 / ton.

MEG went up with firm support of downstream market; selling offer was drastically high in the range of $850-855 / ton. Surprisingly buyers still participated in the range of $847-852 / ton.

In a recent survey on US consumers …
• 92 percent said USA is still in recession.
• 57 percent were fearful about running out of money in the next year.
• 72 percent said Europe's financial problems likely to hurt U.S.A.
• 65 percent fear a 'double dip' recession.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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