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Ethylene trends rise, MEG continues fall
Nov '10
PX was mainly stable, after a sharp hike of US $50 / ton in S E Asian market and stood in the range of $1300-1305 / ton. In Korean market, offer price was in range of $1275-1280 / ton. PX market is expected to decline in near future due to poor downstream support.

PTA opened with sluggish sentiment, in S E Asian market and offers were quoted at $1145-1147 / ton. PTA offers from Korean market was assessed around $1135 / ton. In Chinese domestic market, offers were around RMB 9250-9400 / ton, but market experts foresee, price to touch RMB 9000 / ton in near future.

Ethylene price increased slowly, in S E Asian market and stood in the range of $1045-1055 / ton. In US market, ethylene price increased to 50.25 cents/gallon. In European market, price increased to around $1100 / ton and in European domestic market price was around €930 / ton.

MEG offers continued to decline in the S E Asian market. MEG selling offers were in the range of $985-990 / ton. In Chinese market, MEG offers were quoted around $985 / ton and in domestic market, offer price stood around RMB 7850/ton.

Offers for BGPET Chip in S E Asian market declined to in the range of $1500-1520 / ton. In export market, counteroffers were still around $1490 / ton. In Chinese domestic market, offers further fell to RMB 11700 / ton.

FGPET Chip was available in the range of $1600-1615 / ton, in S E Asian market.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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