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Ethylene prices drop in Asia, Europe & US markets

November 16, 2012 (Global)

Paraxylene (PX) prices went up in the Asian region. In S E Asian region, PX prices surged in the range of US$ 1560/ton to US$ 1565/ton. In F E Asian market, PX prices were offered at US$ 1545/ton. Prices of PX imported from Taiwanese market kept unchanged and were assessed in the range of US$ 1570/ton to US$ 1575/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$ 1095/ton. Prices of PTA imported from Taiwanese market stayed stable were assessed in the range of US$ 1090/ton to US$ 1095/ton. In the Chinese domestic market, PTA prices increased in the range of RMB 8125/ton to RMB 8175/ton.  
 
Ethylene prices declined in the Asian region.  In S E Asian market, Ethylene prices went down in the range of US$ 1250/ton to US$ 1255/ton. In F E Asian region, Ethylene prices were offered at US$ 1210/ton. In the US market, Ethylene prices went down in the range of 54.00 cents/pound to 54.50 cents/pound. Ethylene prices plunged down in European international and domestic markets, and were offered at US$ 1300/ton and € 1130/ton, respectively.         
 
MEG prices went down in Asian markets. In S E Asian region, MEG prices declined and were offered at US$ 1060/ton. In China market, MEG prices remained unchanged in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices went down in the range of RMB 7650/ton to RMB 7700/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 negotiated in the range of US$ 1410/ton to US$ 1430/ton. In F E Asian market, selling offers were quoted in the range US$ 1380/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices went down to RMB 9975/ton.     
 
In Korean market, FG PET Chips prices stayed stable in the range of US$ 1290/ton to US$ 1330/ton. In Indian market, FOB based prices were assessed in the range of US$ 1320/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices declined and were quoted in the range of RMB 9825/ton to RMB 9875/ton.         
 
PSF prices declined in the Asian region. In F E Asian region, PSF prices were offered at 1505/ton. In S E Asian market, PSF selling offers were assessed at US$ 1405/ton. In the Chinese domestic market, PSF prices went down and were quoted in the range of RMB 9825/ton to RMB 9875/ton.  
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices went down and were offered at RMB 10750/ton, RMB 12300/ton and RMB 10900/ton, respectively. In export market, offers for POY, DTY and FDY declined and were assessed at US$ 1455/ton, US$ 1660/ton and US$ 1465/ton, respectively.    
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India
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