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Petrochemical & chemical fibre market roundup

27
Mar '10
In the past seven days, international crude oil market continued to consolidate amid shocks and it was quoting at around US $80 per barrel. Market supply of PX was relatively abundant, which led to a fall in prices.

Market sentiment of PTA turned for the better, inquiries increased, offers for domestic goods in China stood at around 8,000 Yuan / ton, while offers for overseas goods touched US $970 / ton.

MEG market improved, trade volume increased, mainstream discussion for domestic goods was at 7,650 Yuan / ton and for those of imported goods was $920/ ton.

Price for semi-dull polyester chips for March pre-bid contracts from Sinopec Group stood at 10,300 Yuan per ton, prices for bright chips and industrial yarn grade chips are at 10,400 Yuan per ton, each and price for full-dull polyester chips is 11,100 Yuan per ton.

Fibre2fashion News Desk - India


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