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PX, PTA & MEG continue to descend

22
Feb '11
Paraxylene price went down in S E Asian region, and stood around US$ 1660/ton due to firm upstream and price hovered in the range of US$ 1655/ton to US$ 1665/ton. PX price in Korean market was marked around US$ 1660/ton. In Chinese market, PX price stood in the range of US$ 1660/ton to US$ 1665/ton.

Asian PTA price went down to in the range of US$ 1470/ton to US$ 1475/ton. Price of PTA in F E Asian region was quoted at US$ 1475/ton. In Indian market, PTA price was around US$ 1475/ton. In Chinese market, price of PTA was in the range of RMB 11400/ton to RMB 11500/ton.

Ethylene price increased in S E Asian market and was assessed in the range of US$ 1290/ton to US$ 1295/ton. F E Asian market price was in the range of US$ 1290/ton to US$ 1295/ton. In European international and domestic markets, price was stable at US$ 1465/ton and € 1120/ton, respectively. In U.S.A market, Ethylene was around 54.50 cents/pound.

MEG price continued to decline in the global markets. In S E Asian region, MEG prices hovered in the range of US$ 1240/ton to US$ 1250/ton. In Indian markets, price of MEG was in the range of US$ 1240/ton to US$ 1250/ton.

BGPET Chips price was stable in S E Asian region. It was in the range of US$ 1840/ton to US$ 1845/ton. In F E Asian markets, selling offers was in the range of US$ 1835/ton to US$ 1845/ton for exportable goods.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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