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PX & MEG trends continue to climb

22
Mar '12
Paraxylene (PX) prices went up slowly in Asian market. In S E Asian market, PX prices were in the range of US$ 1570/ton to US$ 1575/ton. In F E Asian region, PX prices were in between US$ 1565/ton to US$ 1575/ton. PX imported from Taiwanese market was stable at level of around US$ 1570/ton.

In Asian markets, PTA price bounced back. In F E Asian and S E Asian region, PTA prices were in between US$ 1160/ton to US$ 1165/ton. PTA imported from Taiwanese market was quoted around US$ 1165/ton. In Chinese domestic market, PTA price declined to around RMB 8475/ton to RMB 8550/ton.

In S E Asian market, Ethylene price was stable at US$ 1380/ton. In F E Asian market, price was in the market, ethylene price was at US$ 1340/ton. In U.S.A market, ethylene was in the range of 66.75 cents/pound to 67.25 cents/pound. In European domestic market, price range was € 1290/ton to € 1300/ton. In European market, price was around US$ 1635/ton.

MEG price went up in S E Asian markets and was offered in the range of US$ 990/ton to US$ 1000/ton. In Chinese domestic market, MEG price was in the range of US$ 985/ton to US$ 1000/ton. In Chinese domestic market, selling offers were around RMB 7500/ton.

In S E Asian region, BG PET Chips price was stable in the range of US$ 1650/ton to US$ 1660/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 11300/ton.

In Korean markets, FG PET Chips price was stable in the range of US$ 1545/ton to US$ 1555/ton and in Indian market, FOB based price was assessed in the range of US$ 1550/ton to US$ 1560/ton. In Chinese market, FG PET Chip hovered at RMB 11000/ton to RMB 11200/ton.

In N Asian PSF market price was stable in the range of US$ 1600/ton to US$ 1605/ton. In S E Asian market, PSF offers were in the range of US$ 1500/ton to US$ 1510/ton. In Chinese domestic market, PSF offers were in the range of RMB 11150/ton to RMB 11250/ton.

Price of Polyester POY was stable in Chinese domestic market. POY price was around RMB 11200/ton. FDY and DTY selling offers remained mixed at RMB 11500/ton to RMB 12600/ton, respectively. In export market, offers for POY, FDY and DTY were at US$ 1520/ton, US$ 1550/ton and US$ 1705/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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