Home / Knowledge / News / Textiles / Rally in PX, PTA and MEG continues
Rally in PX, PTA and MEG continues
15
Oct '10
Paraxylene prices continued to remain firm but now market experts believe that the price rally will finish soon. In Chinese spot market, sellers aimed for benchmark level of US $1300 / ton. Offer price hovered at the highest level reached in the last 25 months in the range of $1275-1290 / ton.

PTA increased by $15 / ton in S E Asian markets. Price of PTA stood in the range of $1150-1155 / ton. Offers for cargoes imported from Korean region were quoted in the range of $1045-1050/ t on. In Chinese domestic market, price of PTA was in the range of RMB 8400-8600 / ton.

Ethylene price was stable at $1077 / ton. In S E Asian market, it touched around $1080 / ton. In Japanese market, ethylene was assessed in the range of $1120-1130 / ton. In the European market, the price hovered around $1085 / ton.

MEG price continued to grow at a slow and steady pace. In S E Asian market, price was in the range of $970-975 / ton, whereas offer price touched the level of $980 / ton. Downstream buyers were active in the range of $970-975 / ton. In Chinese domestic market, MEG was offered in the range of RMB 8250-8500 / ton.

According to experts the main reasons for the rally is that prices of main key raw material; crude oil is above $80 / barrel and also due to some production hiccups at BTX crackers plants, particularly in China.

They are also of the opinion that, downstream demand has not been excellent and that it could be mere speculation from traders. Actual buyers have already procured sufficient material at least for next 45 days through contractual deals.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
March 2017

March 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