Interviews
Prices across polyester value-chain dip today
14 Jul '10
1 min read
Asian Paraxylene had a very compressed margin; price went down below US $835/ton in the S E Asian market while, PX imported from Korean market was offered around $830/ton and PX imported from Taiwanese market stood at $840/ton.
In PTA market, spot prices tumbled down due to poor upstream as well as wait and watch stance of downstream buyers. Selling offers were in the range of $837-845/ton. However, buying offer was below $840/ton.
Ethylene price declined and in S E Asia, price was in the range of $795-800/ton. News that, in the long term, M E Asia would continue as a cheap ethylene supplier shocked the domestic market, which inevitably, resulted in a sharp drop in prices of raw materials.
MEG market declined in tandem with other PET feedstock material. Trading price declined by $5/ton and was quoted in the range of $705-710/ton. In the Chinese domestic market, traded price was RMB 5,800/ton, while offers were around RMB 5,900/ton.
FG PET Chip further reduced by $10/ton and was assessed below $1,050/ton today.
Click here to view and compare daily price trends.
In PTA market, spot prices tumbled down due to poor upstream as well as wait and watch stance of downstream buyers. Selling offers were in the range of $837-845/ton. However, buying offer was below $840/ton.
Ethylene price declined and in S E Asia, price was in the range of $795-800/ton. News that, in the long term, M E Asia would continue as a cheap ethylene supplier shocked the domestic market, which inevitably, resulted in a sharp drop in prices of raw materials.
MEG market declined in tandem with other PET feedstock material. Trading price declined by $5/ton and was quoted in the range of $705-710/ton. In the Chinese domestic market, traded price was RMB 5,800/ton, while offers were around RMB 5,900/ton.
FG PET Chip further reduced by $10/ton and was assessed below $1,050/ton today.
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)")
