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PTA & MEG prices dip marginally
24
Nov '10
The demand for PX was still very strong which supported PX price to remain range bound in between US $1220-1225 / ton. In Korean market, offers were around $1270-1275 / ton. In Taiwanese market, it stood around $1290 / ton.

PTA price declined marginally to RMB 9500/ton in China and in S E Asian market, offers were quoted at around $1165-1175 / ton, however, actual negotiations were in between $1160-1170 / ton. PTA offers from Korean market were assessed in the range of $1165-1175 / ton.

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

MEG offers took a minor correction of $5 and in S E Asian market; selling offers were in the range of $1025-1030 / ton. In Chinese market, MEG offers were quoted around $1030 / ton.

BGPET Chip in S E Asian market was assessed in the range of $1575-1680 / 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 stood around $1620-1625 / ton (CNF India). Downstream buyers continued to pull down price towards $1600 / ton, but no deals were officially confirmed at lower end.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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