PTA, PX & MEG markets rise in Asia

13 Sep '12

3 min read

Paraxylene (PX) prices went up in the Asian region. In S E Asian region, PX prices increased in the range of US$ 1560/ton to US$ 1565/ton. In F E Asian market, PX prices were offered at US$ 1560/ton. Prices of PX imported from Taiwanese market surged and were quoted in the range of US$ 1535/ton to US$ 1540/ton.

PTA prices increased in Asian markets. In S E Asian market, PTA prices went up in the range of US$ 1090/ton to US$ 1095/ton. In F E Asian market, PTA prices were offered at US$ 1085/ton. Prices of PTA imported from Taiwanese market remained unchanged in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices increased in the range of RMB 8325/ton to RMB 8375/ton.

Ethylene prices showed mixed trend in the Asian region. In S E Asian market, Ethylene prices went down in the range of US$ 1275/ton to US$ 1280/ton. In F E Asian region, Ethylene prices were offered at US$ 1300/ton.

In the US market, Ethylene prices went down in the range of 59.00 cents/pound to 59.50 cents/pound. Ethylene prices kept steady in European international and domestic markets at US$ 1380/ton and € 1200/ton, respectively.

MEG prices surged in Asian markets. In S E Asian region, MEG prices increased and were assessed at US$ 1110/ton. In China market, MEG prices went up in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices went up in the range of RMB 8425/ton to RMB 8475/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 stable at RMB 10350/ton.

In Korean market, FG PET Chips prices were unchanged 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 stayed steady in the range of RMB 10175/ton to RMB 10225/ton.

PSF prices were steady in Asian markets. In F E Asian market, PSF prices were assessed at US$ 1535/ton. In S E Asian market, PSF selling offers were quoted at US$ 1435/ton. In the Chinese domestic market, PSF prices kept unchanged in the range of RMB 10925/ton to RMB 10975/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged at RMB 11200/ton, RMB 12600/ton and RMB 11100/ton, respectively. In export market, offers for POY, DTY and FDY were steady at US$ 1510/ton, US$ 1695/ton and US$ 1480/ton, respectively.

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Fibre2fashion News Desk - India

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