Asian PX & PTA markets show bearish trend

20 Sep '12

3 min read

Paraxylene (PX) prices declined in Asian markets. In S E Asian region, PX prices plunged down in the range of US$ 1565/ton to US$ 1570/ton. In F E Asian market, PX prices were offered at US$ 1550/ton. Prices of PX imported from Taiwanese market went down and were offered in the range of US$ 1595/ton to US$ 1600/ton.

PTA prices went down in the Asian region. In S E Asian market, PTA prices declined in the range of US$ 1120ton to US$ 1125/ton. In F E Asian market, PTA prices were offered at US$ 1120/ton. Prices of PTA imported from Taiwanese market declined in the range of US$ 1120/ton to US$ 1125/ton. In the Chinese domestic market, PTA prices dropped down in the range of RMB 8325/ton to RMB 8375/ton.

Ethylene prices kept steady in Asian markets. In S E Asian market, Ethylene prices remained unchanged in the range of US$ 1300/ton to US$ 1305/ton. In F E Asian region, Ethylene prices were quoted at US$ 1290/ton. In the US market, Ethylene prices stayed stable in the range of 57.00 cents/pound to 57.50 cents/pound. Ethylene prices kept unchanged in European international and domestic markets at US$ 1400/ton and € 1205/ton, respectively.

MEG prices were stable in the Asian region. In S E Asian region, MEG prices kept unchanged and were offered at US$ 1125/ton. In China market, MEG prices declined in the range of US$ 1120/ton to US$ 1125/ton. In the Chinese domestic market, MEG prices plunged down in the range of RMB 8425/ton to RMB 8475/ton.

In S E Asian region, BG PET Chips 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 stayed unchanged at RMB 10750/ton.

In Korean market, FG PET Chips prices were 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 stayed stable and were offered in the range of RMB 10450/ton to RMB 10475/ton.

PSF prices kept stable in Asian markets. In F E Asian market, PSF prices were offered at US$ 1540/ton. In S E Asian market, PSF selling offers were offered at US$ 1440/ton. In the Chinese domestic market, PSF prices went down in the range of RMB 11225/ton to RMB 11275/ton.

In the Chinese domestic market, Polyester DTY and FDY prices stayed steady and were assessed at RMB 12700/ton and RMB 11450/ton, respectively, while POY prices declined to RMB 11475/ton. In export market, offers for DTY and FDY were unchanged at US$ 1710/ton and US$ 1535/ton, respectively, while POY price plunged down to US$ 1550/ton.

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Fibre2fashion News Desk - India

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