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PX, ethylene & MEG prices continue to rise

18
Jan '11
Paraxylene price in S E Asian region continued to grow. Price hovered in the range of US$ 1635/ton to US$ 1640/ton. PX price in Korean market fell and was marked around US$ 1625/ton. In Chinese market, PX price hovered in the range of US$ 1625/ton to US$ 1630/ton.

Asian PTA market turn firm and price went up in the range of US$ 1350/ton to US$ 1355/ton. Price of PTA in F E Asian region was quoted at US$ 1355/ton. In Chinese domestic market, price of PTA increased and remained in the range of RMB 10600/ton to RMB 10650/ton.

Ethylene prices increased in the global markets. In S E Asian market, prices were assessed in the range of US$ 1120/ton to US$ 1125/ton. F E Asian price was in the range of US$ 1225/ton to US$ 1230/ton. In European international and domestic markets price was stable at US$ 1360/ton and € 1102/ton, respectively. In U.S.A market price was around 43.25 cents/pound.

MEG price increased in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1175/ton to US$ 1180/ton. In Chinese markets, price of MEG was around US$ 1170/ton. In the Chinese domestic market MEG price was in the range of RMB 9100/ton to RMB 9200/ton.

BGPET Chips price was stable in S E Asian region; it hovered in the range of US$ 1570/ton to US$ 1580/ton. Price in Chinese domestic market moved in the range of RMB 12400/ton to RMB 12600/ton. In Chinese markets offers from traders was in the range of US$ 1605/ton to US$ 1615/ton for the goods imported from Korean ports but no deals were concluded.

FGPET Chips prices in Chinese markets were observed in the range of US$ 1540/ton to US$ 1555/ton. Price in Indian market was assessed in the range of US$ 1585/ton to US$ 1595/ton.

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Fibre2fashion News Desk - India


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