Asian PX & PTA prices surge; PSF stable

07 Sep '12

3 min read

Paraxylene (PX) prices surged in the Asian region. In S E Asian region, PX prices went up in the range of US$ 1470/ton to US$ 1475/ton. In F E Asian market, PX prices were quoted at US$ 1465/ton. Prices of PX imported from Taiwanese market declined and were offered in the range of US$ 1480/ton to US$ 1485/ton.

PTA prices went up in Asian markets. In S E Asian market, PTA prices increased in the range of US$ 1070/ton to US$ 1075/ton. In F E Asian market, PTA prices were assessed at US$ 1065/ton. Prices of PTA imported from Taiwanese market declined in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices went down in the range of RMB 8125/ton to RMB 8175/ton.

Ethylene prices showed mixed trend in Asian markets. In S E Asian market, Ethylene prices declined in the range of US$ 1310/ton to US$ 1315/ton. In F E Asian region, Ethylene prices were assessed at US$ 1315/ton. In the US market, Ethylene prices went down in the range of 60.00 cents/pound to 60.50 cents/pound. Ethylene prices went up in European international market to US$ 1350/ton, while they were steady in domestic market at € 1195/ton.

MEG prices remained unchanged in the Asian region. In S E Asian region, MEG prices stayed steady and were offered at US$ 1065/ton. In China market, MEG prices went down in the range of US$ 1060/ton to US$ 1065/ton. In the Chinese domestic market, MEG prices were unchanged in the range of RMB 8175/ton to RMB 8225/ton.

In S E Asian region, BG PET Chips prices continued to be 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 remained steady at RMB 10250/ton.

In Korean market, FG PET Chips prices continued to be stable 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 declined and were assessed in the range of RMB 10050/ton to RMB 10100/ton.

PSF prices were unchanged in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1530/ton. In S E Asian market, PSF selling offers were assessed at US$ 1430/ton. In the Chinese domestic market, PSF prices kept unchanged in the range of RMB 10725/ton to RMB 10775/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices were unchanged at RMB 11150/ton, RMB 12600/ton and RMB 11100/ton, respectively. In export market, offers for POY and DTY surged and were assessed at US$ 1505/ton and US$ 1695/ton, respectively, while FDY prices were stable at US$ 1480/ton.

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Fibre2fashion News Desk - India

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