PX, MEG and PSF prices up, PTA stays stable

18 Apr '12

3 min read

Paraxylene (PX) prices went up in all Asian markets. In S E Asian countries, PX prices surged up and were assessed in the range of US$ 1555/ton to US$ 1560/ton. In F E Asian market, PX prices were quoted in between US$ 1530/ton to US$ 1535/ton. PX imported from Taiwanese market also inched up and stood in the range of US$ 1555/ton to US$ 1560/ton.

PTA prices remained stable in Asia. In F E Asian and S E Asian countries, PTA prices hovered around US$ 1165/ton to US$ 1175/ton. PTA imported from Taiwanese market was stable at US$ 1165/ton. In Chinese domestic market, PTA prices soared up and were marked at RMB 8800/ton to RMB 8825/ton.

Ethylene prices marginally declined in the Asian market. In S E Asian countries, ethylene price stood at US$ 1420/ton. In F E Asian region, ethylene price was in the range of US$ 1415/ton. In U.S.A market, it inclined and was quoted in the range of 64.00 cents/pound to 68.50 cents/pound. In European domestic market, price was at € 1230/ton. In European market, price stood in the range of US$ 1545/ton to US$ 1555/ton.

MEG prices continued to follow an upward trend. In S E Asian markets, MEG prices hovered in the range of US$ 980/ton to US$ 985/ton. In China market, MEG prices jumped to US$ 975/ton to US$ 985/ton. In Chinese domestic market, MEG was offered in between RMB 7375/ton to RMB 7425/ton.

In S E Asian countries, BG PET Chips price was quoted stable in the range of US$ 1565/ton to US$ 1575/ton. In F E Asian markets, counter offers were around US$ 1550/ton for export goods. In Chinese market, BG PET Chip prices surged up to RMB 11000/ton.

In Korean markets, FG PET Chips price was steady in the range of US$ 1440/ton to US$ 1460/ton. In Indian market, FOB based price was assessed in the range of US$ 1465/ton to US$ 1475/ton. In Chinese market, FG PET Chip prices surged up and were offered at RMB 10375/ton to RMB 10425/ton.

PSF prices went up slightly in all Asian markets. In F E Asian countries, PSF prices were quoted in the range of US$ 1595/ton to US$ 1600/ton. In S E Asian market, selling offers jumped up in the range of US$ 1495/ton to US$ 1500/ton. In Chinese domestic market, they were offered in the range of RMB 11050/ton to RMB 11150/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were marked at RMB 11200/ton, RMB 12600/ton and RMB 11300/ton, respectively. In export market, offers for POY, DTY and FDY were at US$ 1525/ton, US$ 1710/ton and US$ 1525/ton, respectively.

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Fibre2fashion News Desk - India

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