PTA & MEG trends dip, ethylene & PSF stable

PTA prices declined in the Asian region. In S E Asian market, PTA prices went down and were quoted in the range of US$ 935 to US$ 940/ton. In F E Asian market, PTA prices were assessed at US$ 935/ton. PTA imported from Taiwanese market dropped down and were quoted in the range of US$ 935/ton to US$ 940/ton. In Chinese domestic market, PTA prices remained stable and were quoted in the range RMB 7125/ton to RMB 7175/ton.

Ethylene prices remained stable in the global market. In S E Asian region, Ethylene prices stayed stable and were quoted in the range of US$ 915/ton to US$ 920/ton. In F E Asian region, Ethylene prices were offered at US$ 830/ton.

In U.S.A market, Ethylene prices were offered in the range of 41.00 cents/pound to 41.50 cents/pound. Ethylene prices also remained stable in European international and domestic market, and were witnessed at US$ 1110/ton and € 875/ton, respectively.

MEG prices followed a downward trend in Asia. In S E Asian region, MEG prices declined and were quoted at US$ 840/ton. In China market, MEG prices went down in the range of US$ 850/ton to US$ 855/ton. In Chinese domestic market, MEG prices remained stable and were offered in the range RMB 6325/ton to RMB 6375/ton.

In S E Asian region, BG PET Chips prices remained steady 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 stayed steady and were offered at RMB 9100/ton.

In Korean market, FG PET Chips prices stayed stable and were offered in the range of US$ 1180/ton to US$ 1220/ton. In Indian market, FOB based price were quoted 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 8825/ton to RMB 8875/ton.

PSF prices followed a stable trend in the Asian region. In F E Asian market, PSF prices stayed steady at US$ 1390/ton. In S E Asian market, PSF selling offers were offered at US$ 1290/ton. In Chinese domestic market, PSF prices remained stable and were quoted in the range of RMB 9750ton to RMB 9800/ton.

Prices of Polyester POY, DTY and FDY remained steady in Chinese domestic market and offered at RMB 9700/ton, RMB 11100/ton and RMB 9500/ton, respectively. In export market, offers for POY, DTY and FDY stayed unchanged at US$ 1295/ton, US$ 1480/ton and US$ 1250/ton, respectively.

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Fibre2fashion News Desk - India