Interviews
Asian PX on rebound. PTA trends not optimistic
17 Jun '10
1 min read
Once the Chinese market reopened, Asian Paraxylene market rebounded. PX imported from South Korea was offered at US $905/ton, and in S E Asian markets it stood at around $925/ton. In the Chinese domestic market, price was in the range of RMB 9700-9850/ton.
Current domestic and international PTA market trends were not optimistic due to macroeconomic situation as PTA industry has entered off-season demand. In the Chinese domestic market, price surged to RMB 7250/ton while imported PTA was offered around $845-850/ton.
Ethylene prices are on the verge of rebound and were assessed mainly in the range of $900-905/ton in S E Asian market, while in F E Asian markets price was around $925/ton but recently demand from LLDPE Market could push the price up, according to experts.
MEG offers increased to $730-740/ton for imported goods, but counteroffers prevailed in the range of $720-725/ton in the Chinese markets. In the S E Asian market offers hovered around $715-725/ton as firm demand continued.
Click here to view and compare daily price trends.
Current domestic and international PTA market trends were not optimistic due to macroeconomic situation as PTA industry has entered off-season demand. In the Chinese domestic market, price surged to RMB 7250/ton while imported PTA was offered around $845-850/ton.
Ethylene prices are on the verge of rebound and were assessed mainly in the range of $900-905/ton in S E Asian market, while in F E Asian markets price was around $925/ton but recently demand from LLDPE Market could push the price up, according to experts.
MEG offers increased to $730-740/ton for imported goods, but counteroffers prevailed in the range of $720-725/ton in the Chinese markets. In the S E Asian market offers hovered around $715-725/ton as firm demand continued.
Click here to view and compare daily price trends.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
