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PSF follows dip in prices of PX, PTA & MEG

15
Mar '12
Paraxylene (PX) price declined in Asian markets and were searching for bottom. In S E Asian market, PX prices were in the range of US$ 1635/ton to US$ 1640/ton. In F E Asian region, PX prices were in between US$ 1630/ton to US$ 1640/ton. PX imported from Taiwanese market was quoted at around US$ 1635/ton.

In Asian markets, PTA price declined in line with upstream. In F E Asian and S E Asian region, PTA prices were in between US$ 1185/ton to US$ 1190/ton. PTA imported from Taiwanese market was quoted around US$ 1190/ton. In Chinese domestic market, PTA price declined to around RMB 8700/ton to RMB 8775/ton.

In S E Asian market, Ethylene price fell to US$ 1375/ton. In F E Asian market, ethylene price was around US$ 1335/ton. In U.S.A market, Ethylene was in the range of 62.50 cents/pound to 63.00 cents/pound. In European domestic market, price range was € 1330/ton to € 1340/ton. In European market price was around US$ 1705/ton.

MEG price declined further in S E Asian markets and was offered in the range of US$ 1020/ton to US$ 1025/ton. In Chinese domestic market, MEG price was in the range of US$ 1017/ton to US$ 1022/ton. In Chinese domestic market, selling offers were around RMB 7500/ton.

In S E Asian region, BG PET Chips price went down in the range of US$ 1675/ton to US$ 1685/ton. In F E Asian markets, selling offers were around US$ 1675/ton for export goods. In Chinese market, BG PET Chip was offered at RMB 11700/ton.

In Korean markets, FG PET Chips price increased in the range of US$ 1570/ton to US$ 1580/ton and in Indian market, FOB based price was assessed in the range of US$ 1575/ton to US$ 1580/ton. In Chinese market, FG PET Chip hovered at RMB 11500/ton to RMB 11600/ton.

In N Asian PSF market; price went down in the range of US$ 1630/ton to US$ 1640/ton. In S E Asian market, PSF offers were in the range of US$ 1530/ton to US$ 1545/ton. In Chinese domestic market, PSF offers were around RMB 11400/ton to RMB 11500/ton.

Price of Polyester POY declined in Chinese domestic market. POY price was around RMB 11600/ton. FDY and DTY selling offers were at RMB 12100/ton to RMB 13200/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1570/ton, US$ 1640/ton and US$ 1785/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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