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Demand for PX still strong, ethylene stable
18
Nov '10
The demand for PX was still very strong, which supported the high PX prices. PX price is expected to remain range bound in between US $1250-1275 / ton.

PTA market price stood in the range of RMB 9400-9500 / ton. A few Asian PTA offers for a small amount of goods in S E Asian market were quoted at $1175 / ton. However, actual negotiations were in between $1160-1170 / ton. PTA offers from Korean market were assessed around $1150-1155 / ton.

Ethylene market was more or less stable. Price was unchanged in S E Asian market and stood in around $955-960 / ton. In US market, ethylene price was around 52.25 cents/gallon while in European market, it was in range of $1130-1140 / ton.

Selling offers for MEG imported from Korean market were in the range of $1035-1045 / ton. In S E Asian market, selling offers were in the range of $1040-1050 / ton.

BGPET Chip in F E Asian market stood in the range of $1600-1610 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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