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PTA & MEG trends dip, PX stays range bound
Jan '11
Paraxylene price in S E Asian region remained range bound. Price hovered in the range of US$ 1470/ton to US$ 1475/ton. PX price in Korean market fell and was marked around US$ 1470/ton. In Chinese market, PX price hovered in the range of US$ 1455/ton to US$ 1470/ton.

Asian PTA market softened and price went down to US$ 1270/ton to US$ 1275/ton. Price of PTA in F E Asian region was quoted at US$ 1270/ton. In Chinese domestic market, price of PTA increased and remained in the range of RMB 10100/ton to RMB 10250/ton.

Ethylene prices remained unchanged in the global markets. In S E Asian market, prices were assessed in the range of US$ 1100/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 € 1065/ton, respectively.

MEG price softened in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1130/ton to US$ 1140/ton. In Chinese markets, price of MEG was around US$ 1135/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$ 1550/ton to US$ 1565/ton. Price in Chinese domestic market moved in the range of RMB 12250/ton to RMB 12450/ton. Seller increased their offer to around US$ 1600/ton but no deals were concluded.

FGPET Chips prices in Chinese markets were observed in the range of US$ 1510/ton to US$ 1515/ton. Price in Indian market was assessed in the range of US$ 1535/ton to US$ 1545/ton.

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Fibre2fashion News Desk - India

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