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Raw material prices in polyester chain shoot up

05
Jan '12
Paraxylene (PX) prices spiked in Asian markets. In S E Asian market, PX prices were at US$ 1560/ton. In F E Asian region, PX prices were in between US$ 1555/ton to US$ 1565/ton. PX imported from Taiwanese market was quoted around US$ 1560/ton.

In Asian markets, PTA price too increased. In F E Asian and S E Asian region, PTA prices were in between US$ 1125/ton to US$ 1130/ton. PTA imported from Taiwanese market was quoted around US$ 1130/ton. In Chinese domestic market, PTA price was around RMB 8700/ton to RMB 8750/ton.

In S E Asian market, ethylene price rose in the range of around US$ 1090/ton to US$ 1095/ton. In F E Asian market, price was in the range of US$ 1085/ton to US$ 1095/ton. In N W European market, ethylene price was at US$ 1200/ton (on CIF base). In U.S.A market, ethylene price was in the range of 56.45 cents/pound to 57.05 cents/pound.

MEG price bounced back in S E Asian markets and was offered in the range of US$ 1090/ton to US$ 1095/ton. In Chinese domestic market, MEG price was in the range of RMB 8300/ton to RMB 8400/ton. In European market, selling offers were in the range of US$ 955/ton to US$ 965/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.

PSF Asian price hiked in Asian market and hovered in the range of US$ 1690/ton to US$ 1700/ton. In S E Asian market, PSF offers were around US$ 1695/ton. In Chinese domestic market, PSF offers were stable around RMB 11700/ton to RMB 11750/ton.

Polyester POY prices in Chinese domestic market improved and were around RMB 12050/ton. FDY and DTY selling offers were at RMB 12750/ton to RMB 13400/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1645/ton, US$ 1735/ton and US$ 1820/ton, respectively.

Editorial Note:
By the end of the first week of 2012, PET value chain is expected to remain firm due to optimistic market fundamentals.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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