/24-7PressRelease/ - MUMBAI, INDIA, January 06, 2008 - Naphtha price in Japan was at US$870 a ton. Price in Rotterdam got quoted at US$677 while Mediterranean and Singapore were moderately high by US$30 and US$12 a ton. Far East contract prices and Singapore swaps remained unchanged due to the year ending holiday.
Price for 1.4D/38 mm SD in China for delivered terms fell to US$1.63 a kg while other specs remained stable across markets. 1.4D/38 mm in Taiwan was at US$1.40 a kg, FOB terms. In Pakistan, PSF prices for different specs ranged from US$1.45 - US$1.74 a kg. In India, 1.4D/38 mm price was at US$1.60 a kg. PFY price in Malaysia & Indonesia saw mixed price movements. POY 75D fell 5 cents to US$1.55 a kg. In China prices increased 2 cents while in Pakistan, it declined by 1-2 cents for respective specs.
MEG prices in the week loosened up US$30-20 in Asia. Front Month offer in Korea/Taiwan was quoted at US$1,470 a ton. PTA prices in the week increased moderately by US$15-20 a ton across Asia. Korea/Taiwan offers for PTA increased to US$840 rising US$15 a ton. In China, goods in bonded area were at US$860 a ton while imported goods were at US$830 a ton. Domestic producers in China increased their prices by US$42.43 to US$950 a ton. Polyester chips in Taiwan fell by US$100 to US$1250 a ton. In China prices stayed mixed as CDP prices increased by US$40 while super bright price moderately declined by US$15. In the week its upstream PTA price increased while MEG price continued its fall.
NFY prices in China increased by 1-4 cent. POY 20D/1 SD was at US$6.01 a kg. In Korea prices ranged from US$3.10 - 3.70 a kg respectively. In China DTY prices increased by 2 cents while FDY prices were 3 cents. Polypropylene prices in China increased by 2 cents. 1.5D 38 mm spec was priced at US$1.72 a kg. Polypropylene prices in Turkey remained stable except FDY 120D which increased 4 cents to US$2.6 a kg. Nylon Chips prices in China local market increased by about US$30-35 while import prices in China remained steady. SD high speed spinning in SE Asia was quoted steady at US$2,720 a ton.
ASF prices in the week in China for 1.5D/38 mm were at US$2.55 a ton while in Taiwan for the same spec was US$2.25 a ton. In India it was US$2.76 a ton respectively. In India, ASF prices ranged from US$2.76 - US$ 2.82 a kg. Acrylonitrile in the week remained steady except in North China where it increased by US$20 to US$2,122 a ton. Propylene prices in Korea remained stable at US$1,140. Last week Propylene in Taiwan and China closed at US$1,185 a ton.
VFY prices in the week increased across markets. 75D bright in China was at US$7.39 a kg increasing 7 cents. In India prices for respective spec increased 2 cents as 15D bright was at
US$4.72 a kg. VSF prices in India inched up a cent. 1.2D bright was at US$2.87 a kg and dull was 3.04 a kg. In China, 1.5D/38 mm was at US$3.03 a 3.03 a kg.
Cotlook 'A' index increased by a cent to US$1.56 a kg whereas New York futures in USA closed at US$1.49 a kg higher by 4 cents. Cotton China index was at US$ 1.86 a kg higher by 2 cents. In India cotton prices increased by 1-4 cents across specs.
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