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PX stays range bound, PTA trends stable
26
Nov '10
PX price remained 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. PX market is expected to decline in near future.

PTA price was more or less stable and in S E Asian market, offer stood at $1165-1170 / ton. PTA offers from Korean market were quoted around $1150-1155 / ton. In Chinese domestic market, offer was assessed in the range of RMB 9450-9650 / ton.

Ethylene price declined marginally and in S E Asian market, was offered in the range of $995-1000 / ton. In US market, ethylene price remained unchanged at 51.25 cents/gallon while in European market, it was around $1150-1155 / ton and in European domestic market, price was around €933 / ton.

MEG offers were at a standstill in the S E Asian market. 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 were 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.

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Fibre2fashion News Desk - India

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