Home / Knowledge / News / Textiles / PX & ethylene decline, MEG stays steady
PX & ethylene decline, MEG stays steady
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 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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