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PX price trends improve. Ethylene stays firm

29
Jun '10
Paraxylene market improved by US $10/ton. Price for PX imported from the Korean ports was quoted around $915/ton. Speculators still expected that PX will remain range bound in the short term.

PTA prices opened with positive sentiment. Current offer price was in the range of $855-860/ton. Buyers continued to pull down price towards 850/ton while sellers tried to push the price around $860/ton.

Ethylene maintained the firm price range in between $870-875/ton in the S E Asian market. Selling intention was reported at between $865-875/ton in S E Asian markets which was higher by $5/ton compare to last closing price.

MEG mainstream price in Chinese market stood at RMB 5,950/ton but constrained by the needs of the low season, floating space was limited. In S E Asian market price was in the range of $720-725/ton.

In FG PET Chip, lower demand subdued the prices to around $1050/ton, but sellers asked for prices in the range of $1055-1065/ton. Speculators expect price around $1,070/ton in current week.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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