Paraxylene prices increased as sellers held the goods with expectation of strong market. In Chinese spot market, prices rose by US $25 to $1250 / ton. PX imported from the Korean market was around $1230-1235 / ton.
PTA price fell as buying momentum declined. In Korean region, it was quoted in the range of $1040-1045 / ton. In Chinese domestic market, price of PTA was around RMB 8000 / ton. Offers in S E Asian market were in the range of $1045-1055 / ton.
Ethylene price was stable at $1080 / ton and in S E Asian market; price was quoted around $1085 / ton. In Japanese market, ethylene stood in the range of $1115-1125 / ton. In European market, ethylene price hovered around $1115 / ton and in European domestic market it descended to € 912/ton.
MEG price was down by $10 to $965 / ton. In S E Asian market, price was in the range of $965-970 /ton. Buyers still tried to pull down price in the range of $960-965 / ton.
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Fibre2fashion News Desk - India
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