MEG prices increase in Asian region

17 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$ 1635/ton to US$ 1640/ton. In F E Asian market, PX prices were assessed at US$ 1615/ton. Prices of PX imported from Taiwanese market declined and were quoted in the range of US$ 1625/ton to US$ 1630/ton.

PTA prices remained stable in Asian markets. In S E Asian market, PTA prices continued to be stable in the range of US$ 1145/ton to US$ 1150/ton. In F E Asian market, PTA prices were offered at US$ 1155/ton. Prices of PTA imported from Taiwanese market went down and were assessed in the range of US$ 1145/ton to US$ 1150/ton. In the Chinese domestic market, PTA prices move up in the range of RMB 8500/ton to RMB 8500/ton.

Ethylene prices shot up in the Asian region. In S E Asian market, Ethylene prices went up in the range of US$ 1235/ton to US$ 1240/ton. In F E Asian region, Ethylene prices were assessed at US$ 1190/ton. In the US market, Ethylene prices remained steady in the range of 54.00 cents/pound to 54.50 cents/pound. Ethylene prices went up in European international market to US$ 1240/ton, and declined in domestic markets to € 1055/ton.

MEG prices increased in the Asian region. In S E Asian region, MEG prices surged and were offered at US$ 1110/ton. In China market, MEG prices stayed stable in the range of US$ 1100/ton to US$ 1105/ton. In the Chinese domestic market, MEG prices increased in the range of RMB 8425/ton to RMB 8475/ton.

In S E Asian region, prices of BG PET Chips continued to be stable in the range of US$ 1440/ton to US$ 1490/ton and some deals were discussed in the range of US$ 1430/ton to US$ 1470/ton. In F E Asian market, selling offers were assessed in the range of US$ 1440/ton to US$ 1480/ton. In the Chinese market, BG PET Chips prices stayed stable at RMB 10500/ton.

In Korean market, FG PET Chips prices were steady in the range of US$ 1300/ton to US$ 1340/ton. In Indian market, FOB based prices were offered in the range of US$ 1330/ton to US$ 1370/ton. In the Chinese market, FG PET Chips prices remained stable and were offered in the range of RMB 10300/ton to RMB 10325/ton.

PSF prices continued to be stable in the Asian region. In F E Asian region, PSF prices were assessed at 1570/ton. In S E Asian market, PSF prices were offered at US$ 1470/ton. In the Chinese domestic market, PSF prices were steady and were offered in the range of RMB 10825/ton to RMB 10875/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices stayed stable and were assessed at RMB 11100/ton, RMB 12450/ton and RMB 11500/ton, respectively. In export market, offers for POY, DTY and FDY were steady and were assessed at US$ 1520/ton, US$ 1700/ton and US$ 1565/ton, respectively.

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Fibre2fashion News Desk - India

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