Home / Knowledge / News / Textiles / MEG prices move up in Asian Markets
MEG prices move up in Asian Markets
26
Dec '12
Paraxylene (PX) prices remained stable in Asian markets. In S E Asian region, PX prices continued to be stable in the range of US$ 1605/ton to US$ 1610/ton. In F E Asian market, PX prices were assessed at US$ 1600/ton. Prices of PX imported from Taiwanese market went down and were offered in the range of US$ 1620/ton to US$ 1625/ton.     
 
PTA prices stayed stable in Asian markets. In S E Asian market, PTA prices were steady 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 remained unchanged and were quoted in the range of US$ 1150/ton to US$ 1155/ton. In the Chinese domestic market, PTA prices surged in the range of RMB 8500/ton to RMB 8550/ton.
 
Ethylene prices continued to be stable in the Asian region. In S E Asian market, Ethylene prices stayed steady in the range of US$ 1290/ton to US$ 1295/ton. In F E Asian region, Ethylene prices were offered at US$ 1195/ton. In the US market, Ethylene prices shot up in the range of 60.00 cents/pound to 60.50 cents/pound. Ethylene prices remained stable in European international and domestic markets at US$ 1380/ton and € 1055/ton, respectively.           
 
MEG prices shot up in the Asian region. In S E Asian region, MEG prices increased and were offered at US$ 1135/ton. In China market, MEG prices were steady in the range of US$ 1130/ton to US$ 1135/ton. In the Chinese domestic market, MEG prices surged in the range of RMB 8575/ton to RMB 8625/ton.
 
In S E Asian region, prices of BG PET Chips stayed stable in the range of US$ 1470/ton to US$ 1520/ton and some deals were discussed in the range of US$ 1470/ton to US$ 1510/ton. In F E Asian market, selling offers were quoted in the range US$ 1440/ton to US$ 1480/ton. In the Chinese market, BG PET Chips prices were steady at RMB 10600/ton.     
 
In Korean market, FG PET Chips prices continued to be stable in the range of US$ 1340/ton to US$ 1370/ton. In Indian market, FOB based prices were assessed in the range of US$ 1350/ton to US$ 1390/ton. In the Chinese market, FG PET Chips prices were stable and were quoted in the range of RMB 10400/ton to RMB 10450/ton.  
 
PSF prices surged in the Asian region. In F E Asian region, PSF prices were offered at 1590/ton. In S E Asian market, PSF prices were quoted at US$ 1490/ton. In the Chinese domestic market, PSF prices increased and were assessed in the range of RMB 10925/ton to RMB 10975/ton.  
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices surged and were quoted at RMB 11250/ton, RMB 12650/ton and RMB 11625/ton, respectively. In export market, prices for POY, DTY and FDY were increased and were offered at US$ 1545/ton, US$1730/ton and US$ 1585/ton, respectively.
  
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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