PX, PTA, Ethylene & MEG prices move up in Asia

16 Jul '12

3 min read

Paraxylene (PX) prices surged in the Asian region. In S E Asian region, PX prices increased and were quoted in the range of US$ 1385/ton to US$ 1390/ton. In F E Asian market, PX prices were assessed at US$ 1385/ton. Prices of PX imported from Taiwanese market increased and were assessed in the range of US$ 1365/ton to US$ 1370/ton.

PTA prices went up in the Asian market. In S E Asian market, PTA prices surged and were offered in the range of US$ 1005/ton to US$ 1010/ton. In F E Asian market, PTA prices were assessed at US$ 1000/ton. PTA imported from Taiwanese market moved up and were quoted in the range of US$ 990/ton to US$ 995/ton. In the Chinese domestic market, PTA prices went up and were quoted in the range of RMB 7600/ton to RMB 7650/ton.

Ethylene prices increased in Asia. In S E Asian region, Ethylene prices went up and were offered in the range of US$ 1085/ton to US$ 1090/ton. In F E Asian region, Ethylene prices were assessed at US$ 1060/ton.

In U.S.A market, Ethylene prices surged up and were offered in the range of 44.50 cents/pound to 45.00 cents/pound. Ethylene prices went up in European international and domestic markets, and were quoted at US$ 1075/ton and € 1015/ton, respectively.

MEG prices surged up in Asia. In S E Asian region, MEG prices went up and were quoted at US$ 910/ton. In China market, MEG prices went up in the range of US$ 890/ton to US$ 895/ton. In the Chinese domestic market, MEG prices inched up and were offered in the range of RMB 7000/ton to RMB 7050/ton.

In S E Asian region, BG PET Chips prices remained stable in the range of US$ 1320/ton to US$ 1350/ton. In F E Asian market, selling offers were around US$ 1300/ton for export goods. In the Chinese market, BG PET Chip prices went up and were quoted at RMB 9450/ton.

In Korean market, FG PET Chips prices continued to be steady and were assessed in the range of US$ 1190/ton to US$ 1230/ton. In Indian market, FOB based price were quoted in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chip prices went up and were offered in the range of RMB 9225/ton to RMB 9275/ton.

PSF prices stayed stable in the Asian region. In F E Asian market, PSF prices were quoted at US$ 1395/ton. In S E Asian market, PSF selling offers were quoted at US$ 1295/ton. In the Chinese domestic market, PSF prices remained stable and were quoted in the range of RMB 9800/ton to RMB 9850/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY surged up and were assessed at RMB 10200/ton, RMB 11600/ton and RMB 10150/ton respectively. In export market, offers for POY, DTY and FDY went up and were offered at US$ 1365/ton, US$ 1550/ton, and US$ 1345/ton respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...