PTA, PX & MEG prices rise in Asian region

27 Nov '12

3 min read

Paraxylene (PX) prices surged in Asian markets. In S E Asian region, PX prices went up in the range of US$ 1565/ton to US$ 1570/ton. In F E Asian market, PX prices were quoted at US$ 1565/ton. Prices of PX imported from Taiwanese market increased and were assessed in the range of US$ 1565/ton to US$ 1570/ton.

PTA prices increased in the Asian region. In S E Asian market, PTA prices went up in the range of US$ 1110/ton to US$ 1115/ton. In F E Asian market, PTA prices were assessed at US$ 1115/ton. Prices of PTA imported from Taiwanese market increased and were offered in the range of US$ 1105/ton to US$ 1110/ton. In the Chinese domestic market, PTA prices remained unchanged in the range of RMB 8125/ton to RMB 8175/ton.

Ethylene prices stayed steady in Asian markets. In S E Asian market, Ethylene prices were stable in the range of US$ 1140/ton to US$ 1145/ton. In F E Asian region, Ethylene prices were assessed at US$ 1130/ton. In the US market, Ethylene prices kept unchanged in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices were stable in European international and domestic markets, and were offered at US$ 1200/ton and € 1100/ton, respectively.

MEG prices surged in the Asian region. In S E Asian region, MEG prices increased and were quoted at US$ 1085/ton. In China market, MEG prices were stable in the range of US$ 1060/ton to US$ 1065/ton. In the Chinese domestic market, MEG prices went up in the range of RMB 7875/ton to RMB 7925/ton.

In S E Asian region, BG PET Chips prices remained stable 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 US$ 1380/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices stayed steady at RMB 9975/ton.

In Korean market, FG PET Chips prices remained steady in the range of US$ 1290/ton to US$ 1330/ton. In Indian market, FOB based prices were offered in the range of US$ 1320/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices kept steady and were assessed in the range of RMB 9825/ton to RMB 9875/ton.

PSF prices remained unchanged in the Asian region. In F E Asian region, PSF prices were offered at 1520/ton. In S E Asian market, PSF prices were assessed at US$ 1420/ton. In the Chinese domestic market, PSF prices went down and were offered in the range of RMB 10525/ton to RMB 10575/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were offered at RMB 10700/ton, RMB 12250/ton and RMB 10850/ton, respectively. In export market, offers for POY, DTY and FDY kept unchanged and were quoted at US$ 1445/ton, US$ 1655/ton and US$ 1455/ton, respectively.

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Fibre2fashion News Desk - India

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