Home / Knowledge / News / Textiles / PX remains range bound, MEG declines
PX remains range bound, MEG declines
19
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 $1245-1250 / ton.

PTA market price stood in the range of RMB 9400-9500 / ton, while a few Asian PTA offers for small amount of goods in S E Asian market were quoted at $1165 / ton. However, the actual negotiations were between $1160-1165 / ton. PTA offers from Korean market were in the range of $1145-1155 / ton. The short term, market sentiment has not yet stabilized, the trend was not clear, and continues to oscillate.

Ethylene market was more or less stable. Price was unchanged in S E Asian market and was assessed in the range of $955-960 / ton. In US market, ethylene was priced around 52.25 cents/gallon while in European market it stood in range of $1130-1140 / ton. In S E Asian market, due to excessive supply, buyers held their purchasing offers and took stance of wait and watch.

Selling offers for MEG declined in Korean market and were quoted in the range of $1015-1020 / ton. In S E Asian market, selling offers were in the range of $1015-1020 / ton.

BGPET Chip in S E Asian market was assessed in the range of $1600-1610 / ton. In Korean market, offer was around $1600 / ton while trading concluded mainly around $1570-1580 / ton. In Chinese domestic market, offers stood in the range of RMB 13500-14100 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

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...

Robert Brunner
Devereux

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
April 2017

April 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



X