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PX trends dip, ethylene & MEG leap

01
Feb '12
Paraxylene (PX) price declined slowly in Asian markets but maintained level above US$ 1600/ton. In S E Asian market, PX prices were at US$ 1602/ton. In F E Asian region, PX prices were in between US$ 1595/ton to US$ 1605/ton. PX imported from Taiwanese market was quoted around US$ 1605/ton.

In Asian markets, PTA price was stable. In F E Asian and S E Asian region, PTA prices were in between US$ 1205/ton to US$ 1215/ton. PTA imported from Taiwanese market was quoted around US$ 1210/ton. In Chinese domestic market, PTA price was around RMB 9075/ton to RMB 9150/ton.

In S E Asian market, Ethylene price jumped up in the range of around US$ 1120/ton to US$ 1125/ton. In F E Asian market, price was in the range of US$ 1115/ton to US$ 1125/ton. In U.S.A market, ethylene price was in the range of 64.25 cents/pound to 64.75 cents/pound. In N W European market, Ethylene price was in the range of US$ 1420/ton to US$ 1425/ton.

MEG prices jumped high in S E Asian markets and was offered in the range of US$ 1130/ton to US$ 1135/ton. In Chinese domestic market, MEG price was in the range of RMB 8700/ton to RMB 8800/ton.

In S E Asian region, BG PET Chips price also leaped in the range of US$ 1645/ton to US$ 1655/ton. In F E Asian markets, selling offers were around US$ 1655/ton for export goods. In Chinese market, BG PET Chip offered at RMB 11850/ton.

In Korean markets, FG PET Chips price was in the range of US$ 1550/ton to US$ 1560/ton and in Indian market, FOB based price was assessed in the range of US$ 1545/ton to US$ 1550/ton. In Chinese market, FG PET Chip hovered at RMB 11200/ton to RMB 11400/ton.

PSF price in N Asian market increased, and was assessed in the range of US$ 1795/ton to US$ 1805/ton. In S E Asian market, PSF offers were around US$ 1805/ton. In Chinese domestic market, PSF offers increased in the range of RMB 12350/ton to RMB 12500/ton.

Polyester POY price was stable in Chinese domestic market. POY price was around RMB 12300/ton. FDY and DTY selling offers were at RMB 13050/ton to RMB 13600/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1680/ton, US$ 1780/ton and US$ 1850/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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