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Asian PX & PTA trends rise, MEG stays stable

27
Jan '12
Paraxylene (PX) price increased in Asian markets. In S E Asian market, PX prices were at US$ 1595/ton. In F E Asian region, PX prices were in between US$ 1580/ton to US$ 1585/ton. PX imported from Taiwanese market was quoted around US$ 1590/ton. In European market PX price was in the range of US$ 1435/ton to US$ 1445/ton.

In Asian markets, PTA price jumped up drastically. In F E Asian and S E Asian region, PTA prices were in between US$ 1170/ton to US$ 1180/ton. PTA imported from Taiwanese market was quoted around US$ 1180/ton. In Chinese domestic market, PTA price was around RMB 8900/ton to RMB 9050/ton.

In S E Asian market, Ethylene price remained stable in the range of around US$ 1110/ton to US$ 1115/ton. In F E Asian market, price was in the range of US$ 1105/ton to US$ 1115/ton. In N W European market, ethylene price was at US$ 1280/ton (on CIF base). In U.S.A market, ethylene price was in the range of 60.50 cents/pound to 61.50 cents/pound.

MEG prices were stable in S E Asian markets and offered in the range of US$ 1105/ton to US$ 1110/ton. In Chinese domestic market, MEG price was in the range of RMB 8550/ton to RMB 8650/ton. In European market, selling offers were in the range of US$ 960/ton to US$ 970/ton.

In S E Asian region, BG PET Chips price was standstill in the range of US$ 1585/ton to US$ 1600/ton. In F E Asian markets, selling offers were around US$ 1595/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11050/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1490/ton to US$ 1510/ton and in Indian market, FOB based price was assessed in the range of US$ 1475/ton to US$ 1495/ton. In Chinese market, FG PET Chip hovered at RMB 10950/ton to RMB 11050/ton.

PSF price in N Asian market hovered in the range of US$ 1740/ton to US$ 1750/ton. In S E Asian market, PSF offers were around US$ 1695/ton. In Chinese domestic market, PSF offers increased in the range of RMB 12000/ton to RMB 12100/ton.

Polyester POY prices in Chinese domestic market were stable. POY price was around RMB 12100/ton. FDY and DTY selling offers were at RMB 12850/ton to RMB 13400/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1650/ton, US$ 1745/ton and US$ 1820/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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