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PX prices still firm, MEG undergoes minor correction
Nov '10
PX market was still firm and price is expected to remain range bound in between US $1220-1225 / ton. In Korean market, offers stood around $1270-1275 / ton. In Taiwanese market, it was assessed around $1290 / ton. December delivery was quoted around $1293 / ton while January delivery was priced in the range of $1267-1277 / ton. Experts predict that, PX market is expected to decline in near future.

PTA price was stable and in S E Asian market, offer was around $1165-1170 / ton. PTA offers from Korean market were assessed in the range of $1150-1155 / ton. In Chinese domestic market, offer was in the range of RMB 9450-9650 / ton. PTA market is also expected to dip, aver experts.

Ethylene price was stable. In S E Asian market, it stood in the range of $1000-1005 / ton. In US market, ethylene price was around 51.25 cents/gallon while in European market, it was assessed around $1150-1155 / ton and in European domestic market, price was around €933 / ton.

MEG offers took a minor correction of $5 / ton in the S E Asian market and in last two days, MEG has lost $10 / ton. Selling offers were in the range of $1020-1025 / ton. In Chinese market, MEG offers were quoted around $1025 / ton and in Chinese domestic market, offer price stood around RMB 8100-8200 / ton.

Offers for BGPET Chip in S E Asian market was in the range of $1575-1600 / ton. In export market counteroffers were around $1500 / ton. In Chinese domestic market, offers were quoted in the range of RMB 12300-12450 / ton.

FGPET Chip was available in the range of $1620-1625 / ton (CNF India). In S E Asian market, PET chip price is expected to decline by $50 / ton in near future.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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