Interviews
PX & PTA prices rise. MEG falls
07 Jul '10
1 min read
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.
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
Popular News
Leave your Comments
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)")
