Home / Knowledge / News / Textiles / PX & PTA prices rise. MEG falls

PX & PTA prices rise. MEG falls

07
Jul '10
With the news of delay in PX plant expansions, Asian market bounced back. In S E Asian market, PX was assessed in the range of US $840-845/ton. In Korean market, price was $840-835/ton and in Chinese and Taiwanese market, price stood at around $850/ton.

PTA spot market prices in Asia rose in tandem with positive upstream sentiment. Prices mainly assessed in the range of $845-860/ton Taiwanese goods were offered around $860/ton but traded around $855/ton. Korean spot offers were around $845/ton, but traded around $835/ton.

The current excess of ethylene production capacity in Asia is expected to suppress the profit margins of the petrochemical industry, along with dropping ethylene prices. In N E Asia, it was around $845/ton while in S E Asian market it was around $790-800/ton.

MEG market sentiment remained light, due to thin trading volume. In S E Asian market, price went down below $700/ton and was assessed around $695/ton.

In May 2010, US new orders for manufactured goods fell 1.4%, the highest registered in the past few months.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 13th May 2021

UK GDP contracted 1.5% in Q1: ONS

The gross domestic product (GDP) of UK is estimated to have...

Pic: Shutterstock

Apparel/Garments | On 13th May 2021

Vietnamese garment manufacturers must boost production: Report

Garment manufacturers in Vietnam need to boost their production...

Pic: The Resilience Fund for Women in Global Value Chains

Apparel/Garments | On 13th May 2021

New fund launched to support women in global value chains

A first-of-its-kind collaborative funding initiative, The Resilience...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search