Home / Knowledge / News / Textiles / PX & ethylene decline, MEG stays steady
PX & ethylene decline, MEG stays steady
01
Nov '10
Paraxylene prices declined marginally in the Chinese spot market, where price was quoted in the range of US $1245-1250 / ton. PX imported from the Korean market was around $1240 / ton. Nomination of November contract price stood at $1270 / ton by Idemitsu Kosan and JX Nippon Oil kept it at $1260 / ton. The contract intention price of Exxon Standard Oil Company in November is $1280 / ton (CFR Asia).

PTA offers hovered around $1050 / ton but offers were mainly around $1055-1060 / ton in S E Asian market. In Korean region it was assessed at around $1050 / ton and in Chinese market, price was in the range of $1050-1055 / ton.

Ethylene market continued to move downwards with the ease of availability and today it went below the $1000 / ton mark and was assessed around $970 / ton in S E Asian market. In US market, price of ethylene was around 40 cents / pound. In European market, price was in the range of $1155-1160 / ton. In European domestic market, it was traded around €945 / ton.

MEG market remained more or less stable around $960 / ton, as buying sentiment turned slow. In S E Asian market, price stood in the range of $960-965 / ton. In the Chinese domestic market, price was in the range of RMB 7600-7650 / ton.

FGPET Chip was offered around $1260 / ton in the S E Asian market, which was traded in the range of $1225-1250 / ton. In Chinese domestic market, price was in the range of RMB 10700-10800 / ton. Speculators expect price hike of between RMB 100-200 in short-term future.

Overall, in November, the contract transactions are expected to settle on higher side, the overall market supplies are tight, and the quotations have a certain kinetic energy, but simultaneously, it cannot be neglected that, the price may possibly inch higher to limit the downstream demand.

Click here to view and compare daily price trends

Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

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

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:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search