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PTA & PSF continue slide, ethylene trends up
17
May '11
Paraxylene market prices went down to US$ 1525/ton, due to weak energy market. In S E Asian region, price was quoted in between US$ 1520/ton and US$ 1525/ton. In the F E Asian market, price hovered in the range of US$ 1525/ton to US$ 1530/ton. In Chinese market price went down to US$ 1525/ton.

In S E Asian markets, PTA continued to decline to around US$ 1205/ton in Asian market. In Chinese market, PTA price opened around RMB 9400/ton but trading price hovered in between RMB 9450/ton to RMB 9550/ton. In Asian market PTA price declined to US$ 1200/ton to US$ 1210/ton.

Ethylene price went up in S E Asian market mainly due to supply concern, and marked in the range of US$ 1370/ton to US$ 1375/ton. F E Asian market price was in the range of US$ 1295/ton to US$ 1300/ton. In European international and domestic market, price turned soft around US$ 1545/ton and € 1130/ton, respectively. In USA market, ethylene was quoted around 68.25 cents/pound to 68.75 cents/pound.

MEG markets remain unchanged in global market. In S E Asian region, MEG prices hovered in the range of US$ 1085/ton to US$ 1095/ton. In Indian markets, price of MEG inclined to around US$ 1090/ton to US$ 1095/ton and in Chinese market, MEG price stood in the range of RMB 8550/ton to RMB 8650/ton.

BGPET Chips price remained stable to weak in S E Asian region and was in between US$ 1710/ton to US$ 1720/ton. In F E Asian markets, selling offers were around US$ 1710/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12350/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1550/ton to US$ 1570/ton and in Indian market; it was assessed in the range of US$ 1560/ton to US$ 1580/ton. In Chinese market FG PET Chip was at RMB 11850/ton to RMB 11900/ton.

PSF price continued to decline. In Chinese market, PSF offers hovered around US$ 1825/ton to US$ 1840/ton. In Indian market 1.4 D PSF was around INR 95.75/Kg. 1.4 D Super black was around INR 106.25/Kg. In S E Asian market PSF offers were around US$ 1785/ton. In Chinese domestic market PSF offers were around RMB 12700/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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