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PX & MEG prices bounce back

22
Jul '10
PX market went up in tandem with the crude oil market, prices rebounded slightly and the current price level in Asia stood at US $860/ton. PX goods received from Korean markets were traded in the range of $840-845/ton.

PTA spot market continued to remain firm and in the Chinese market, it fell below RMB 7000/ton and was mainly traded around RMB 6950/ton.

Imported PTA was offered at $850/ton for cargo imported from S E Asia but traded around $845/ton and PTA from Korean ports was traded around $837/ton.

In S E Asia, ethylene quotes were assessed in the range of $794-796/ton, while in N E Asia ethylene was assessed in the range of $845-847/ton.

The MEG market successfully recovered from the bottom of $690-695/ton and bounced to level of $705/ton. In Chinese domestic market, it was quoted at RMB 5800/ton.

Click here to view and review daily price trends.

Fibre2fashion News Desk - India


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