Paraxylene (PX) prices in the international market went down due to weakened export competitive advantage, and international trade protectionism and weak economic recovery efforts In the S E Asian market price was in the range of US $1,035 – 1,040 / ton.
PTA prices, too declined as the market faced fairly obvious excess capacity; above all appreciation of the RMB, under the influence of large-scale sell-off is bound to once again pose a serious pressure on prices. In S E Asian market, PTA assessed in the range of $925 – 930 / ton.
In S E Asian market, ethylene sentiment improved little bit as price was in the range of $1,250 – 1,255 / ton, while in N E Asian market the closing price of ethylene, firmed to around $1,300 – 1,310 / ton.
MEG prices increased as issue of excess inventory glycol is expected to resolve fully. However, downstream plant recovery was slow and spot market was still suffering from lackluster demand. MEG prices stood at around $830 – 835 / ton.
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Fibre2fashion News Desk - India