Home / Knowledge / News / Textiles / Asian PX, PTA & MEG trends continue surge

Asian PX, PTA & MEG trends continue surge

22
Dec '11
Paraxylene (PX) prices shot up in Asian markets. In S E Asian market, PX prices were at US$ 1485/ton. In F E Asia, PX prices went up to between US$ 1480/ton to US$ 1490/ton. PX imported from Taiwanese market was quoted around US$ 1485/ton.

In Asian markets, PTA price surged up. In F E Asian and S E Asian region, PTA prices were in between US$ 1090/ton to US$ 1100/ton. PTA imported from Taiwanese market was quoted around US$ 1095/ton. In Chinese domestic market, PTA price was around RMB 8450/ton to RMB 8500/ton.

In S E Asian market, ethylene price did not change and stood in the range of around US$ 1090/ton to US$ 1095/ton. In F E Asian market, price was in the range of US$ 1090/ton to US$ 1095/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 inclined sharply in S E Asian markets and was offered in the range of US$ 1090/ton to US$ 1100/ton. In Chinese domestic market, MEG price was in the range of RMB 8350/ton to RMB 8450/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 prices 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 were stable in Asian market and hovered in the range of US$ 1605/ton to US$ 1615/ton. In S E Asian market, PSF offers were around US$ 1610/ton. In Chinese domestic market, PSF offers were stable around RMB 11100/ton to RMB 11250/ton.

Polyester POY prices in Chinese domestic market remained stable and were quoted around RMB 11850/ton. FDY and DTY selling offers were at RMB 12400/ton and 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.

Editorial Note:
In last few days, moderate economic data from USA and European region, provided momentum to oil prices. PX followed the stream and went up along with energy prices. It supported PTA market fundamentals as well. Rest of the products in polyester value chain received support, due to moderate demand from downstream market.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jul 2021

ACSA, Cotton Australia receive govt grant for market diversification

The Australian Cotton Shippers Association and Cotton Australia have...

Pic: Shutterstock

Apparel/Garments | On 27th Jul 2021

US buyers to raise sourcing of RMG from Bangladesh: USFIA study

Nearly half of US fashion brands and buyers are eager to source more...

Pic: Shutterstock

Textiles | On 27th Jul 2021

Prime Content| Malaysian cotton trade to pick up as world recovers from COVID-19

Malaysian cotton trade is on a rise due to recovery from the pandemic ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search