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PX & PTA prices decline

30
Jun '10
Paraxylene market declined by US $10/ton, price for PX imported from the Korean ports was around $900-905/ton. However, buyers continued to peg price below $900/ton.

The onward march of PTA prices ended today, with weak sentiment. Current offer price declined to $850-855/ton. Buyers continued to pull down price below $850/ton.

Ethylene price plunged down to between $860-865/ton in the S E Asian market. Buying intention was not high at $865/ton. In S E Asian market price was expected to reduce by $5/ton further due to weak upstream.

MEG mainstream price was constrained by the poor downstream demand. In S E Asian market price was in the range of $715-720/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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