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PX & ethylene range bound, MEG softens
10
Jan '11
Paraxylene price in S E Asian region remained range bound. Price hovered in the range of US$ 1420/ton to US$ 1425/ton. PX price in Korean market fell and was marked around US$ 1425/ton. In Chinese market, PX price hovered in the range of US$ 1415/ton to US$ 1420/ton.

Asian PTA market remained firm and price was in the range of US$ 1280/ton to US$ 1285/ton. Price of PTA in F E Asian region was quoted at US$ 1280/ton. In Chinese domestic market, price of PTA increased and remained in the range of RMB 10100/ton to RMB 10300/ton.

Ethylene prices remained range bound in the global markets. In S E Asian market, prices were assessed in the range of US$ 1095/ton to US$ 1105/ton. F E Asian price was in the range of US$ 1190/ton to US$ 1200/ton. In European international and domestic markets price was stable at US$ 1290/ton and € 995/ton, respectively.

MEG price soften in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1135/ton to US$ 1145/ton. In Chinese markets, price of MEG was around US$ 1140/ton. In the Chinese domestic market MEG price was in the range of RMB 8850/ton to RMB 8950/ton.

BGPET Chips price was stable in S E Asian region it hovered in the range of US$ 1525/ton to US$ 1535/ton. Price in Chinese domestic market moved in the range of RMB 12300/ton to RMB 12500/ton. Seller increased their offer to around US$ 1550/ton but no deals were concluded.

FGPET Chips prices in Chinese markets were observed in the range of US$ 1475/ton to US$ 1485/ton. Price in Indian market was assessed in the range of US$ 1500/ton to US$ 1505/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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