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PX, ethylene and MEG prices witness gains

19
Dec '11
Paraxylene (PX) prices inclined in Asian markets. In S E Asian market, PX prices were at US$ 1475/ton. In F E Asian and S E Asian region, PX prices were in between US$ 1470/ton to US$ 1480/ton. PX imported from Taiwanese market was quoted around US$ 1475/ton.

In Asian markets, PTA price remained stable. In F E Asian and S E Asian region, PTA prices were in between US$ 1075/ton to US$ 1080/ton. PTA imported from Taiwanese market was quoted around US$ 1075/ton. In Chinese domestic market, PTA price was around RMB 8350/ton to RMB 8450/ton.

In S E Asian market, Ethylene price increased in the range of around US$ 1090/ton to US$ 1095/ton. In F E Asian market, price was in the range of US$ 1080/ton to US$ 1085/ton. In N W European market, Ethylene price was at US$ 1180/ton (on CIF base). In U.S.A market Ethylene price was in the range of 52.00 cents/pound to 52.55 cents/pound.

MEG price bounced back in S E Asian markets and was offered in the range of US$ 1075/ton to US$ 1085/ton. In Chinese domestic market, MEG price was in the range of RMB 8250/ton to RMB 8325/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1560/ton to US$ 1570/ton. In F E Asian markets, selling offers were around US$ 1560/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11300/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1415/ton to US$ 1420/ton and in Indian market, FOB based price was assessed in the range of US$ 1425/ton to US$ 1435/ton. In Chinese market, FG PET Chip hovered at RMB 10450/ton to RMB 10550/ton. PET Chip is expected to remain firm in near term.

PSF price was stable, in Asian market and offers hovered in the range of US$ 1610/ton to US$ 1620/ton. In S E Asian market, PSF offers were around US$ 1615/ton. In Chinese domestic market, PSF offers were stable around RMB 11200/ton to RMB 11300/ton.

Polyester POY prices in Chinese domestic market declined slowly and stood around RMB 11850/ton. FDY and DTY selling offers were at RMB 12400/ton to RMB 13300/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1610/ton, US$ 1675/ton and US$ 1800/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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