Ethylene prices decline in US; stable in Asia

14 Sep '12

3 min read

Paraxylene (PX) prices declined in Asian markets. In S E Asian region, PX prices went down in the range of US$ 1555/ton to US$ 1560/ton. In F E Asian market, PX prices were offered at US$ 1550/ton. Prices of PX imported from Taiwanese market increased and were offered in the range of US$ 1580/ton to US$ 1585/ton.

PTA prices went up in the Asian region. In S E Asian market, PTA prices surged in the range of US$ 1095/ton to US$ 1100/ton. In F E Asian market, PTA prices were offered at US$ 1090/ton. Prices of PTA imported from Taiwanese market went up in the range of US$ 1080/ton to US$ 1085/ton. In the Chinese domestic market, PTA prices increased in the range of RMB 8425/ton to RMB 8475/ton.

Ethylene prices stayed stable in Asian markets. In S E Asian market, Ethylene prices remained steady in the range of US$ 1275/ton to US$ 1280/ton. In F E Asian region, Ethylene prices were assessed at US$ 1300/ton.

In the US market, Ethylene prices declined in the range of 58.50 cents/pound to 59.00 cents/pound. Ethylene prices kept stable in European international and domestic markets at US$ 1380/ton and € 1200/ton, respectively.

MEG prices went up in the Asian region. In S E Asian region, MEG prices inched up and were offered at US$ 1120/ton. In China market, MEG prices increased in the range of US$ 1105/ton to US$ 1110/ton. In the Chinese domestic market, MEG prices surged in the range of RMB 8475/ton to RMB 8525/ton.

In S E Asian region, BG PET Chips prices continued to be steady 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 surged to RMB 10600/ton.

In Korean market, FG PET Chips prices remained 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 increased and were quoted in the range of RMB 10325/ton to RMB 10375/ton.

PSF prices stayed unchanged in Asian markets. In F E Asian market, PSF prices were offered 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 remained stable in the range of RMB 11125/ton to RMB 11175/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices went up and were offered at RMB 11350/ton, RMB 12650/ton and RMB 11250/ton, respectively. In export market, offers for POY, DTY and FDY surged and were assessed at US$ 1535/ton, US$ 1705/ton and US$ 1505/ton, respectively.

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Fibre2fashion News Desk - India

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