PTA, PX & MEG prices rise in Asian markets

04 Dec '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 assessed at US$ 1570/ton. Prices of PX imported from Taiwanese market stayed steady and were offered in the range of US$ 1575/ton to US$ 1580/ton.

PTA prices increased in Asian markets. In S E Asian market, PTA prices went up in the range of US$ 1125/ton to US$ 1130/ton. In F E Asian market, PTA prices were offered at US$ 1130/ton. Prices of PTA imported from Taiwanese market stayed stable and were offered in the range of US$ 1115/ton to US$ 1120/ton. In the Chinese domestic market, PTA prices kept steady in the range of RMB 8125/ton to RMB 8175/ton.

Ethylene prices stayed steady in the Asian region. In S E Asian market, Ethylene prices kept unchanged in the range of US$ 1180/ton to US$ 1185/ton. In F E Asian region, Ethylene prices were offered at US$ 1120/ton. In the US market, Ethylene prices went down in the range of 50.50 cents/pound to 51.00 cents/pound. Ethylene prices remained stable in European international and domestic markets at US$ 1200/ton and € 1080/ton, respectively.

MEG prices increased in the Asian region. In S E Asian region, MEG prices surged and were assessed at US$ 1075/ton. In China market, MEG prices went up in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7925/ton to RMB 7975/ton.

In S E Asian region, BG PET Chips prices kept 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 quoted in the range US$ 1380/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices were stable 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 stayed stable 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 1510/ton. In S E Asian market, PSF prices were quoted at US$ 1410/ton. In the Chinese domestic market, PSF prices remained steady and were assessed in the range of RMB 10525/ton to RMB 10575/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable at RMB 10800/ton, RMB 12250/ton and RMB 11025/ton, respectively. In export market, offers for POY, DTY and FDY remained unchanged and were quoted at US$ 1464/ton, US$ 1655/ton and US$ 1485/ton, respectively.

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Fibre2fashion News Desk - India

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