PX, PTA & MEG trends gain strength

03 Dec '10

2 min read

In tandem with energy market, PX market also revived and gained by $10 to touch $1295-1300 / ton. Prices too rose in Korean market as well, where; price offered was around $1270-1275 / ton.

PTA prices remained firm in Asian market due to bullish upstream. PTA price increased by $15 and was assessed in the range of $1160-1165 / ton. In Chinese domestic market, PTA offers remained firm in the range of RMB 9500-9650 / ton.

Ethylene market remained unchanged in S E Asian and F E Asian market at $1055 / ton and $1065 / ton, respectively. No change was recorded in European ethylene market as well and was quoted around $1100 / ton and in European domestic market, price stood around €930 / ton.

MEG market moved northwards in tandem with allied pet raw materials. MEG offers in S E Asian market was firm in the range of $1035-1040 / ton. In Chinese international and domestic market, MEG offers were at $1035 / ton and RMB 8500 / ton, respectively.

Offers for BGPET Chip in S E Asian market were stable and price was mainly in the range of $1515-1525 / ton. In export market, counteroffers were still in the range of $1490-1500 / ton. In Chinese domestic market, offers were further discussed around RMB 12000 / 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

More Textiles News - Global...