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PX & MEG prices hike, PTA firm
05
Jan '11
Paraxylene price in S E Asian region increased. Price hovered in the range of US$ 1395/ton to US$ 1400/ton. PX price in Korean market fell and was marked around US$ 1390/ton. In Chinese market, PX price hovered in the range of US$ 1375/ton to US$ 1380/ton.

Asian PTA market remained firm and price was in the range of US$ 1227/ton to US$ 1232/ton. Price of PTA in F E Asian region was quoted at US$ 1227/ton. In Chinese domestic market, price of PTA increased and remained in the range of RMB 9900/ton to RMB 10100/ton.

Ethylene price was stable in the global markets. In S E Asian market, prices were assessed in the range of US$ 1095/ton to US$ 1100/ton. F E Asian price was in the range of US$ 1160/ton to US$ 1165/ton.

In European international and domestic markets ethylene price was stable at US$ 1205/ton and € 995/ton, respectively. U.S.A Ethylene market was in the range of 62.75 cents/pound to 63.25 cents/pound.

Hike was observed in MEG price in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1125/ton to US$ 1130/ton. In Chinese markets, price of MEG was around US$ 1125/ton. In the Chinese domestic market MEG price was in the range of RMB 8700/ton to RMB 8750/ton.

BGPET Chips prices remained stable in S E Asian region and hovered in the range of US$ 1495/ton to US$ 1505/ton. Price in Chinese domestic market moved in the range of RMB 11400/ton to RMB 11550/ton. Seller increased their offer around US$ 1510/ton but no deals found concluded.

FGPET Chips prices in Chinese markets were observed in the range of US$ 1455/ton to US$ 1465/ton. Price in Indian market was assessed at the level of US$ 1485/ton.

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Fibre2fashion News Desk - India

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