Home / Knowledge / News / Textiles / PTA stable, ethylene & MEG still climbing
PTA stable, ethylene & MEG still climbing
23
Nov '10
The demand for PX was still very strong which supported the high PX prices. PX price remained range bound in between US $1220-1230 / ton but traded around $1225 / ton. In Korean market, offers were around $1275 / ton. In Taiwanese market, it was quoted around $1290 / ton.

In China, PTA market price was stable in the range of RMB 9500-9650 / ton. In S E Asian market, offer price stood at $1185 / ton, but actual negotiations were in between $1180-1190 / ton. PTA offers from Korean market was in the range of $1170-1175 / ton.

Ethylene price is climbing up, mainly due to robust demand from downstream derivatives. In S E Asian market, it was assessed in the range of $1000-1005 / ton. In US market, ethylene price was around 51.25 cents/gallon while in European market, it was priced around $1150-1155 / ton and in European domestic market, price was around €933 / ton.

MEG offers rose by $10 and in S E Asian market, selling offers stood around $1035-1040 / ton. In Chinese market, MEG offers were around $1035 / ton. Speculators expected further price hike, due to firm upstream market.

BGPET Chip in S E Asian market was in the range of $1595-1605 / ton. In Chinese domestic market, offers were in the range of RMB 14100-14250 / ton but trading was concluded around RMB 13000/ton. FGPET Chip was assessed in the range of $1620-1625 / ton (CNF India).

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Arvind Saraf
Triveni Sarees

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X