The demand for PX was still very strong, which supported the high PX prices. PX price is expected to remain range bound in between US $1250-1275 / ton.
PTA market price stood in the range of RMB 9400-9500 / ton. A few Asian PTA offers for a small amount of goods in S E Asian market were quoted at $1175 / ton. However, actual negotiations were in between $1160-1170 / ton. PTA offers from Korean market were assessed around $1150-1155 / ton.
Ethylene market was more or less stable. Price was unchanged in S E Asian market and stood in around $955-960 / ton. In US market, ethylene price was around 52.25 cents/gallon while in European market, it was in range of $1130-1140 / ton.
Selling offers for MEG imported from Korean market were in the range of $1035-1045 / ton. In S E Asian market, selling offers were in the range of $1040-1050 / ton.
BGPET Chip in F E Asian market stood in the range of $1600-1610 / ton.
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Fibre2fashion News Desk - India
marketing@alchempro.com
