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

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

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...

Silke Brand-Kirsch
Schlegel und Partner

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

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...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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