PTA & MEG trends dip, ethylene & PSF stable

PTA prices declined in the Asian region. In S E Asian market, PTA prices moved down and were quoted in the range of US$ 925 to US$ 930/ton. In F E Asian market, PTA prices were assessed at US$ 920/ton. PTA imported from Taiwanese market dropped down and were quoted in the range of US$ 930/ton to US$ 935/ton. In Chinese domestic market, PTA prices remained stable and were quoted in the range RMB 7125/ton to RMB 7175/ton.

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 inched up and were offered at US$ 855/ton. In U.S.A market, Ethylene prices surged up and were offered in the range of 43.50 cents/pound to 44.00 cents/pound. Ethylene prices dropped down in European international and domestic market, and were witnessed at US$ 1055/ton and € 835/ton, respectively.

MEG prices followed a downward trend in Asia. In S E Asian region, MEG prices went down and were quoted at US$ 830/ton. In China market, MEG prices went down in the range of US$ 835/ton to US$ 840/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 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 stayed steady and were offered at RMB 9100/ton.

In Korean market, FG PET Chips prices remained 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 8775/ton to RMB 8825/ton.

PSF prices remained stable 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 stayed stable and were quoted in the range of RMB 9750ton to RMB 9800/ton.

Prices of Polyester DTY and FDY remained steady in Chinese domestic market and offered at RMB 11100/ton and RMB 9500/ton, respectively, while prices of POY went down and were assessed at RMB 9650/ton. In export market, offers for POY, DTY and FDY dropped down and were witnessed at US$ 1285/ton, US$ 1475/ton, and US$ 1245/ton respectively.

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Fibre2fashion News Desk - India