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PX, PTA & MEG prices continue to fall
20
Apr '11
Paraxylene market went down to US$ 1585/ton and price continued to move down in tandem with energy market. In S E Asian region, price was quoted in between US$ 1585/ton and US$ 1595/ton. In the F E Asian market, price hovered in the range of US$ 1590/ton to US$ 1595/ton. In Chinese market, price was around US$ 1585/ton.

Asian PTA price declined further and was assessed in the range of US$ 1405/ton to US$ 1410/ton. In F E Asian region, PTA was quoted at US$ 1410/ton. In Indian market, PTA stood around US$ 1415/ton. In Chinese market, price of PTA declined in the range of RMB 10850/ton to RMB 10900/ton.

Ethylene price remained stable, in S E Asian market and was marked around US$ 1390/ton to US$ 1400/ton. F E Asian market price was in the range of US$ 1395/ton to US$ 1400/ton. In European international and domestic market, price was stable at US$ 1565/ton and € 1140/ton, respectively. In USA market, ethylene was quoted around 59.00 cents/pound to 59.55 cents/pound.

MEG price went down further in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1100/ton to US$ 1105/ton. In Indian markets, price of MEG declined to around US$ 1105/ton to US$ 1110/ton and in Chinese market, MEG price stood in the range of RMB 8650/ton to RMB 8700/ton.

BGPET Chips price declined slowly in S E Asian region and was assessed around US$ 1870/ton to US$ 1880/ton. In F E Asian markets, selling offers were around US$ 1875/ton for exportable goods. In Chinese market BG PET Chip was at RMB 13,600/ton.

FGPET Chips prices in Korean markets remained soft in the range of US$ 1760/ton to US$ 1775/ton and in Indian market; it was assessed in the range of US$ 1755/ton to US$ 1760/ton. In Chinese market FG PET Chip was at RMB 13050/ton.

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Fibre2fashion News Desk - India

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