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PX & PSF trends stable, BGPET & FGPET chips weaken
May '11
Asian paraxylene market price remained stable at US$ 1595/ton. In S E Asian region, price was quoted in between US$ 1590/ton and US$ 1595/ton. In the F E Asian market, price hovered in the range of US$ 1585/ton to US$ 1595/ton. In Chinese market price went down to US$ 1590/ton. A major decline is expected in short term.

Today, the PTA market plunged by US$ 40/ton in Asian market. In China, Zhengzhou PTA futures opened low in today's early trading. PTA contract opened around RMB 10500/ton but before closing it went down to between RMB 9890/ton to RMB 10050/ton.

Ethylene price was stable in S E Asian market and was marked in the range of US$ 1380/ton to US$ 1390/ton. F E Asian market price was in the range of US$ 1335/ton to US$ 1340/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 65.25 cents/pound to 65.75 cents/pound.

MEG market remained stable in global market. In S E Asian region, MEG prices hovered in the range of US$ 1130/ton to US$ 1135/ton. In Indian markets, price of MEG inclined to around US$ 1135/ton to US$ 1140/ton and in Chinese market, MEG price stood in the range of RMB 8850/ton to RMB 8900/ton.

BGPET Chips price went down in S E Asian region and was quoted in between US$ 1785/ton to US$ 1795/ton. In F E Asian markets, selling offers were around US$ 1885/ton for exportable goods. In Chinese market BG PET Chip was at RMB 13200/ton.

FGPET Chips prices in Korean markets turned weak in the range of US$ 1715/ton to US$ 1725/ton and in Indian market; it was assessed in the range of US$ 1720/ton to US$ 1730/ton. In Chinese market FG PET Chip was at RMB 12800/ton to RMB 12850/ton.

PSF price remained stable. In Chinese market, PSF offers hovered around US$ 1895/ton to US$ 1945/ton. In Indian market 1.4 D PSF was around INR 104.75/Kg. and 1.4 D Super black was around INR 118.25/Kg. In S E Asian market PSF offers were around US$ 1895/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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