PX & PTA prices up in Asian countries; MEG down

08 Aug '12

3 min read

Paraxylene (PX) prices increased in Asian countries. In S E Asian region, PX prices went up and were offered in the range of US$ 1440/ton to US$ 1445/ton. In F E Asian market, PX prices were quoted at US$ 1435/ton. Prices of PX imported from Taiwanese market surged up and were assessed in the range of US$ 1440 /ton to US$ 1445/ton.

PTA prices went up in the Asian market. In S E Asian market, PTA prices surged up and were offered in the range of US$ 1025/ton to US$ 1030/ton. In F E Asian market, PTA prices were offered at US$ 1020/ton. Prices of PTA imported from Taiwanese market went up and were assessed in the range of US$ 1005/ton to US$ 1010/ton. In the Chinese domestic market, PTA prices declined and were offered in the range of RMB 7925/ton to RMB 7975/ton.

Ethylene prices remained steady in the Asian region. In S E Asian market, Ethylene prices remained stable in the range of US$ 1120/ton to US$ 1125/ton. In F E Asian region, Ethylene prices were offered at US$ 1075/ton. In U.S.A market, Ethylene prices surged up and were offered in the range of 48.50 cents/pound to 49.00 cents/pound. Ethylene prices continued to be stable in European international and domestic markets at US$ 1195/ton and € 1075/ton, respectively.

MEG prices declined in Asia. In S E Asian region, MEG prices went down and were assessed at US$ 1000/ton. In China market, MEG prices surged up in the range of US$ 1005/ton to US$ 1010/ton. In the Chinese domestic market, MEG prices were stable in the range of RMB 7800/ton to RMB 7850/ton.

In S E Asian region, BG PET Chips prices stayed 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 Chips prices continued to be steady and were quoted at RMB 9950/ton.

In Korean market, FG PET Chips prices remained flat and were offered in the range of US$ 1190/ton to US$ 1230/ton. In Indian market, FOB based prices were quoted in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices went up and were quoted in the range of RMB 9975/ton to RMB 10025/ton.

PSF prices stayed steady in the Asian market. In F E Asian market, PSF prices were quoted at US$ 1560/ton. In S E Asian market, PSF selling offers were assessed at US$ 1460/ton. In the Chinese domestic market, PSF prices stayed stable in the range of RMB 10925/ton to RMB 10975/ton.

In the Chinese domestic market, Polyester DTY and FDY prices were unchanged at RMB 12600/ton and RMB 11300/ton, respectively, while POY prices increased to RMB 11350/ton. In export market, offers for DTY and FDY were stable at US$ 1695/ton and US$ 1510/ton, respectively, while POY price moved up to US$ 1535/ton.

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Fibre2fashion News Desk - India

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