Polyester POY joins declining trend of PTA & MEG

Paraxylene (PX) prices went down in the Asian region. In S E Asian region, PX price plunged down and were assessed in the range of US$ 1200/ton o US$ 1205/ton. In F E Asian region, PX prices were quoted at US$ 1180/ton. PX imported from Taiwanese market declined and were offered in the range of US$ 1235/ton to US$ 1245/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices plunged down and were quoted in the range of US$ 900 to US$ 905/ton. In F E Asian market, PTA prices were offered at US$ 895/ton. PTA imported from Taiwanese market dropped down and were assessed in the range of US$ 900/ton to US$ 905/ton. In Chinese domestic market, PTA prices stayed stable and were quoted in the range RMB 6925/ton to RMB 6975/ton.

Ethylene prices stayed steady in Asia. In S E Asian market, Ethylene prices stayed steady and were offered in the range of US$ 925/ton to US$ 930/ton. In F E Asian region, Ethylene prices were quoted at US$ 930/ton.

In U.S.A market, Ethylene prices plunged down and were assessed in the range of 40.50 cents/pound to 41.00 cents/pound. Ethylene prices remained stable in European international and domestic markets, and were offered at US$ 1105/ton and € 900/ton, respectively.

MEG prices went down in the Asian market. In S E Asian region, MEG was offered at US$ 825/ton. In China market, MEG prices went up in the range of US$ 835/ton to US$ 840/ton. In Chinese domestic market, MEG prices were offered in the range RMB 6275/ton to RMB 6325/ton.

In S E Asian region, BG PET Chips prices stayed stable in the range of US$ 1290/ton to US$ 1310/ton. In F E Asian market, selling offers were around US$ 1300/ton for export goods. In Chinese market, BG PET Chip prices plunged down and were quoted at RMB 9000/ton.

In Korean market, FG PET Chips prices stayed steady and were quoted in the range of US$ 1180/ton to US$ 1220/ton. In Indian market, FOB based price were offered in the range of US$ 1220/ton to US$ 1260/ton. In Chinese market, FG PET Chip prices went down and were quoted in the range of RMB 8675/ton to RMB 8725/ton.

PSF prices stayed steady in the Asian region. In F E Asian market, PSF prices were stable at US$ 1405/ton. In S E Asian market, PSF was offered at US$ 1305/ton. In Chinese domestic market, PSF prices remained steady and were offered in the range of RMB 9875/ton to RMB 9925/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices declined and were marked at RMB 9600/ton, RMB 11000/ton and RMB 9400/ton, respectively. In export market, offers for POY, DTY and FDY dropped down and were at US$ 1280/ton, US$ 1460/ton and US$ 1235/ton, respectively.

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Fibre2fashion News Desk - India