Ethylene prices inch up in US & European markets

18 Jan '13

3 min read

Paraxylene (PX) prices went up in Asian markets. In S E Asian region, PX prices inched up and were assessed in the range of US$ 1655/ton to US$ 1660/ton. In F E Asian market, PX prices were offered at US$ 1640/ton. Prices of PX imported from Taiwanese market remained stable and were quoted in the range of US$ 1655/ton to US$ 1660/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices went down and were offered in the range of US$ 1165/ton to US$ 1170/ton. In F E Asian market, PTA prices were assessed at US$ 1180/ton. Prices of PTA imported from Taiwanese market went down and were quoted in the range of US$ 1180/ton to US$ 1185/ton. In the Chinese domestic market, PTA prices decreased and were offered in the range of RMB 8825/ton to RMB 8875/ton.

Ethylene prices remained stable in Asian markets. In S E Asian market, Ethylene prices were offered in the range of US$ 1380/ton to US$ 1385/ton. In F E Asian region, Ethylene prices were quoted at US$ 1265/ton. In the US market, Ethylene prices went up and were quoted in the range of 65.00 cents/pound to 65.50 cents/pound. Ethylene prices moved up in European international and domestic markets, and were quoted at US$ 1460/ton and € 1150/ton, respectively.

MEG prices surged in Asia. In S E Asian region, MEG prices went up and were assessed at US$ 1180/ton. In China market, MEG prices plunged down in the range of US$ 1165/ton to US$ 1170/ton. In the Chinese domestic market, MEG prices remained stable and were offered in the range of RMB 8700/ton to RMB 8750/ton.

In S E Asian region, BG PET Chips prices went down in the range of US$ 1550/ton to US$ 1600/ton and some deals were discussed in the range of US$ 1540/ton to US$ 1580/ton. In F E Asian market, selling offers were in the range of US$ 1520/ton to US$ 1560/ton. In the Chinese market, BG PET Chips prices were stable at RMB 11200/ton.

In Korean market, FG PET Chips prices declined in the range of US$ 1430/ton to US$ 1450/ton. In Indian market, FOB based prices were quoted in the range of US$ 1440/ton to US$ 1480/ton. In the Chinese market, FG PET Chips prices declined and were quoted in the range of RMB 10900/ton to RMB 10950/ton.

PSF prices went down in Asian markets. In F E Asian market, PSF prices were assessed at US$ 1685/ton. In S E Asian market, PSF selling offers were quoted at US$ 1585/ton. In the Chinese domestic market, PSF prices remained stable and were quoted in the range of RMB 11675/ton to RMB 11725/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were offered at RMB 11725/ton, RMB 12950/ton and RMB 12100/ton, respectively. In export market, offers for POY, DTY and FDY decreased and were quoted at US$ 1605/ton, US$ 1765/ton and US$ 1650/ton, respectively.

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Fibre2fashion News Desk - India

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