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PX continues decline, PTA & PSF stable
07
Jun '11
Asian paraxylene market continued to decline to around US$ 1462/ton. In S E Asian region, price was quoted in between US$ 1460/ton and US$ 1465/ton. In the F E Asian market, price hovered in the range of US$ 1460/ton to US$ 1470/ton. In Chinese market price went down to US$ 1460/ton.

In S E Asian markets, PTA price remained stable around US$ 1210/ton in Asian market. In Chinese market, PTA price hovered around RMB 9550/ton but trading price hovered in between RMB 9500/ton to RMB 9700/ton. In Asian market, PTA price remained range bound in between US$ 1205/ton to US$ 1215/ton.

Ethylene price remained stable at US$ 1190/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1190/ton to US$ 1195/ton. In European international and domestic market, price remained stable around US$ 1540/ton and € 1110/ton, respectively. In U.S.A market, ethylene was quoted around 65.55 cents/pound to 66.15 cents/pound.

MEG markets were stable in S E Asia and price hovered mainly in the range of US$ 1185/ton to US$ 1195/ton. In Indian markets, price of MEG was around US$ 1180/ton to US$ 1195/ton and in Chinese market, MEG price stood in the range of RMB 9200/ton to RMB 9250/ton.

BGPET Chips price remained stable, in S E Asian region and was in between US$ 1690/ton to US$ 1700/ton. In F E Asian markets, selling offers were around US$ 1585/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12450/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1565/ton to US$ 1585/ton and in Indian market; it was assessed in the range of US$ 1555/ton to US$ 1575/ton. In Chinese market FG PET Chip was at RMB 11850/ton to RMB 11900/ton.

PSF price remained stable in Chinese market; offers hovered around US$ 1775/ton to US$ 1835/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$ 1790/ton. In Chinese domestic market, PSF offers were around RMB 12650/ton.

Polyester yarn market in Chinese domestic market remained stable to firm. Offers for FDY and POY were at RMB 13700/ton and RMB 14100/ton respectively. Selling offers for DTY was around RMB 15900/ton. In export market, offers for POY, FDY and DTY were at US$ 1890/ton, 1820/ton and US$ 2125/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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