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Daily round-up of global polyester value-chain

09
Jun '10
Price of Paraxylene went down to US $885-890/ton at Chinese and Taiwanese main ports. In Korean market, price was in the range of $875-895/ton.

PTA price touched the lowest level in the month of June. Short term demand observed in the market could not support the prices. In S E Asian market, price of PTA was around $825/ton. PTA price in S E Asian market was around $832/ton. In Chinese market price was in the range of RMB 6800-6900/ton.

In absence of market volatility and despite of oversupply in market, Ethylene price maintained its price range in between $895-900/ton. Sellers kept their offer price in the range of $900-905/ton but trading mainly concluded below $900/ton only. In European market, price was in the range of $1060-1070/ton while in US market it hovered around 32.5 cents/pound.

MEG cargo traded in the range of $690-695/ton at the Chinese main ports. Sinopec MEG contract was around RMB 6500/ton and MEG contract price for July is expected around $850/ton from SABIC.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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