Home / Knowledge / News / Textiles / PX, PTA & MEG prices decline
PX, PTA & MEG prices decline
08
Nov '10
Paraxylene prices marginally declined to US $1270 / ton. PX imported from the Korean market stood around $1265-1270 / ton. For December delivery, price was quoted in the range of $1265-1270 / ton. In European market, PX was priced around €925 / ton.

Sellers of PTA were forced to reduce prices to the level of $1110 / ton, in S E Asian market. In Korean region, it was assessed around $1110 / ton. The main reasons for the earlier surge in prices were the recent outages at plants in Asia, along with positive news on the US economy. Speculators expect price to stay around $1100 / ton, in short term future.

Ethylene market continued to move downwards due to ample availability and was assessed around $950-955 / ton in S E Asian market. In US market, price of ethylene was around 50.75 cents/pound. In European market, price was in the range of $1155-1160 / ton and in F E Asian market, price was around $970 / ton.

MEG prices declined due to strong resistance from downstream and offer price was heard around $1010-1015 / ton, while genuine buyers cautiously concluded trade around $1000-1010 / ton.

Offer price of FGPET chips in Chinese market was in the range of RMB 11700-12000 / ton and BGPET Chip was quoted around RMB 11900-12100 / ton. In F E Asian market, price of BG PET Chip was in the range of $1130-1140 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

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

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:
May 2017

May 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