Ethylene prices dip in US; rise in Southeast Asia

16 Oct '12

3 min read

Paraxylene (PX) prices increased in the Asian region. In S E Asian region, PX prices surged in the range of US$ 1575/ton to US$ 1580/ton. In F E Asian market, PX prices were offered at US$ 1570/ton. Prices of PX imported from Taiwanese market remained unchanged and were offered in the range of US$ 1575/ton to US$ 1580/ton.

PTA prices stayed stable in the Asian region. In S E Asian market, PTA prices remained unchanged in the range of US$ 1100/ton to US$ 1105/ton. In F E Asian market, PTA prices were assessed at US$ 1105/ton. Prices of PTA imported from Taiwanese market declined in the range of US$ 1100/ton to US$ 1105/ton. In the Chinese domestic market, PTA prices stayed stable in the range of RMB 8425/ton to RMB 8475/ton.

Ethylene prices showed mixed trend in the Asian region. In S E Asian market, Ethylene prices surged in the range of US$ 1375/ton to US$ 1380/ton. In F E Asian region, Ethylene prices were offered at US$ 1270/ton. In the US market, Ethylene prices dipped in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices stayed stable in European international and domestic markets at US$ 1410/ton and € 1215/ton, respectively.

MEG prices were stable in Asian markets. In S E Asian region, MEG prices remained unchanged and were offered at US$ 1125/ton. In China market, MEG prices declined in the range of US$ 1110/ton to US$ 1115/ton. In the Chinese domestic market, MEG prices decreased in the range of RMB 8300/ton to RMB 8350/ton.

In S E Asian region, BG PET Chips prices remained steady in the range of US$ 1420/ton to US$ 1450/ton and some deals were discussed in the range of US$ 1410/ton to US$ 1430/ton. In F E Asian market, selling offers were assessed in the range of US$ 1390/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices remained stable at RMB 10475/ton.

In Korean market, FG PET Chips prices kept unchanged in the range of US$ 1290/ton to US$ 1330/ton. In Indian market, FOB based prices were quoted in the range of US$ 1320/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices declined and were assessed in the range of RMB 10350/ton to RMB 10400/ton.

PSF prices went down in Asian markets. In F E Asian market, PSF prices were assessed at US$ 1580/ton. In S E Asian market, PSF selling offers were assessed at US$ 1480/ton. In the Chinese domestic market, PSF prices declined in the range of RMB 11000/ton to RMB 11150/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged and were quoted at RMB 11350/ton, RMB 12700/ton and RMB 11250/ton, respectively. In export market, offers for POY, DTY and FDY surged and were offered at US$ 1540/ton, US$ 1715/ton and US$ 1510/ton, respectively.

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Fibre2fashion News Desk - India

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