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PX & MEG continue slide, ethylene stable
07
Apr '11
Paraxylene was marked around US$ 1575/ton. The price continued to move down in S E Asian region and was quoted in between US$ 1570/ton and US$ 1575/ton. In the F E Asian market, price hovered in the range of US$ 1575/ton to US$ 1580/ton. In Korean and in Chinese market it was around US$ 1575/ton.

Asian PTA price remained unchanged and was assessed in the range of US$ 1440/ton to US$ 1445/ton. In F E Asian region, PTA was quoted at US$ 1445/ton. In Indian market, PTA stood around US$ 1440/ton. In Chinese market, price of PTA declined in the range of RMB 11350/ton to RMB 11400/ton.

Ethylene price remained stable to weak in S E Asian market and was marked around US$ 1255/ton to US$ 1260/ton. F E Asian market price was in the range of US$ 1325/ton to US$ 1330/ton. In European international and domestic market, price was stable at US$ 1580/ton and € 1140/ton, respectively. In USA market, ethylene was quoted around 60.25 cents/pound to 60.75 cents/pound.

MEG price went down in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1090/ton to US$ 1100/ton. In Indian markets, price of MEG declined to around US$ 1100/ton to US$ 1105/ton and in Chinese market, MEG price stood in the range of RMB 8700/ton to RMB 8750/ton.

BGPET Chips price remained stable in S E Asian region and was assessed around US$ 1895/ton to US$ 1905/ton. In F E Asian markets, selling offers was in the range of US$ 1900/ton to US$ 1905/ton for exportable goods. In Chinese market BG PET Chip was at RMB 13750/ton.

FGPET Chips prices in Korean markets remained stable in the range of US$ 1800/ton to US$ 1805/ton and in Indian market; it was assessed in the range of US$ 1795/ton to US$ 1805/ton. In Chinese market FG PET Chip was at RMB 13250/ton.

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Fibre2fashion News Desk - India

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