MEG & PSF continue to climb, polyester yarn firm

June 02, 2011 - Global

Paraxylene market remained stable around US$ 1495/ton. In S E Asian region, price was quoted in between US$ 1500/ton and US$ 1505/ton. In the F E Asian market, price hovered in the range of US$ 1495/ton to US$ 1505/ton. In Chinese market, price went down to US$ 1500/ton.

In S E Asian markets, PTA price increased at slow and steady pace to US$ 1235/ton. In Chinese market, PTA price hovered around RMB 9675/ton but trading price hovered in between RMB 9650/ton to RMB 9750/ton. In Asian market, PTA price remained range bound in between US$ 1230/ton to US$ 1240/ton.

Ethylene price went down to around US$ 1235/ton in S E Asian market. In F E Asian market, price was in the range of US$ 1230/ton to US$ 1235/ton. In European international and domestic market, price declined to around US$ 1540/ton and € 1110/ton, respectively. In USA market, ethylene was quoted around 65.55 cents/pound to 66.15 cents/pound.

MEG markets in S E Asian region increased steeply. Prices hovered mainly in the range of US$ 1235/ton to US$ 1240/ton. In Indian markets, price of MEG inclined to around US$ 1240/ton to US$ 1250/ton and in Chinese market, MEG price stood in the range of RMB 9500/ton to RMB 9600/ton. Market experts expect minor correction in MEG price from current level.

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 went up in Chinese market and offers hovered around US$ 1775/ton to US$ 1825/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$ 1780/ton. In Chinese domestic market, PSF offers were around RMB 12600/ton.

Polyester yarn market in Chinese domestic market remained 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 was at US$ 1890/ton, 1820/ton and US$ 2125/ton, respectively.

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