Asian PX prices down, PTA surges

PTA prices surged up in the Asian region. In S E Asian market, PTA prices increased and were quoted in the range of US$ 1015/ton to US$ 1020/ton. In F E Asian market, PTA prices were offered at US$ 1010/ton. PTA imported from Taiwanese market went up and were quoted in the range of US$ 995/ton to US$ 1000/ton. In Chinese domestic market, PTA prices increased and were quoted in the range RMB 7675/ton to RMB 7725/ton.

Ethylene prices remained unchanged in the Asian market. In S E Asian market, Ethylene prices were steady and were offered in the range of US$ 1125/ton to US$ 1130/ton. In F E Asian region, Ethylene prices were assessed at US$ 1080/ton.

In U.S.A market, Ethylene prices were stable and were quoted in the range of 48.00 cents/pound to 48.50 cents/pound. Ethylene prices remained steady in European international and in domestic market and were assessed at US$ 1135/ton and € 1055/ton, respectively.

MEG prices were stable in Asia. In S E Asian region, MEG prices went up and were offered at US$ 950/ton. In China market, MEG prices surged up in the range of US$ 945/ton to US$ 950/ton. In Chinese domestic market, MEG prices were stable and were quoted in the range RMB 7275/ton to RMB 7325/ton.

In S E Asian region, BG PET Chips prices were 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 Chinese market, BG PET Chip prices went up and were offered at RMB 9650/ton.

In Korean market, FG PET Chips prices were stable and were offered 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 Chinese market, FG PET Chip prices stayed unchanged and were assessed in the range of RMB 9625/ton to RMB 9675/ton.

PSF prices stayed stable in the Asian market. In F E Asian market, PSF prices were offered at US$ 1465/ton. In S E Asian market, PSF selling offers were quoted at US$ 1365/ton. In Chinese domestic market, PSF prices were unchanged and were assessed in the range of RMB 10275/ton to RMB 10325/ton.

In Chinese domestic market, prices of Polyester POY, DTY and FDY increased and were assessed at RMB 11000/ton, RMB 12300/ton and RMB 10950/ton respectively. In export market, offers for POY DTY and FDY surged up and were offered at US$ 1485/ton, US$ 1650/ton, and US$ 1460/ton respectively.

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Fibre2fashion News Desk - India