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PX & ethylene prices dip, PTA stable
Jun '11
Paraxylene Asian market went down to around US$ 1,465/ton. In S E Asian region, price was quoted in between US$ 1,465/ton and US$ 1,470/ton. In the F E Asian market, price hovered in the range of US$ 1,465/ton to US$ 1,475/ton. In Chinese market, price went down to US$ 1,460/ton.

In S E Asian markets, PTA price remained stable around US$ 1,210/ton. In Chinese market, PTA price hovered around RMB 9,550/ton but trading price hovered in between RMB 9,500/ton to RMB 9,700/ton. In Asian market, PTA price remained range bound in between US$ 1,205/ton to US$ 1,215/ton.

Ethylene price went down drastically to US$ 1,190/ton in S E Asian market. In F E Asian market price was in the range of US$ 1,190/ton to US$ 1,195/ton. In European international and domestic market, price remained declined to around US$ 1,540/ton and € 1,110/ton, respectively. In U.S.A market, ethylene was quoted around 65.55 cents/pound to 66.15 cents/pound.

MEG markets recovered and in S E Asian market, price hovered mainly in the range of US$ 1,185/ton to US$ 1,195/ton. In Indian markets, price of MEG rose to around US$ 1,180/ton to US$ 1,195/ton and in Chinese market, MEG price stood in the range of RMB 9,200/ton to RMB 9,250/ton.

BGPET Chips price remained stable in S E Asian region and was in between US$ 1,690/ton to US$ 1,700/ton. In F E Asian markets, selling offers were around US$ 1,585/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12,450/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1,565/ton to US$ 1,585/ton and in Indian market; it was assessed in the range of US$ 1,555/ton to US$ 1,575/ton. In Chinese market FG PET Chip was at RMB 11,850/ton to RMB 11,900/ton.

PSF price remained stable in Chinese market; offers hovered around US$ 1,775/ton to US$ 1,835/ton. In Indian market 1.4 D PSF was around INR 96.75/Kg. 1.4 D Super black was around INR 107.25/Kg. In S E Asian market, PSF offers were around US$ 1,790/ton. In Chinese domestic market, PSF offers were around RMB 12,650/ton.

Polyester yarn market in Chinese domestic market remained stable to firm. Offers for FDY and POY were at RMB 13,700/ton and RMB 14,100/ton respectively. Selling offers for DTY was around RMB 15,900/ton. In export market offers for POY, FDY and DTY was at respectively at US$ 1,890/ton, 1,820/ton and US$ 2,125/ton.

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Fibre2fashion News Desk - India

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