Southeast Asian Ethylene markets show upward trend

24 Jan '13

3 min read

Paraxylene (PX) prices remained stable in Asian markets. In S E Asian region, PX prices remained unchanged and were assessed in the range of US$ 1660/ton to US$ 1665/ton. In F E Asian market, PX prices were offered at US$ 1650/ton. Prices of PX imported from Taiwanese market declined and were offered in the range of US$ 1670/ton to US$ 1675/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices plunged down and were offered in the range of US$ 1160/ton to US$ 1165/ton. In F E Asian market, PTA prices were assessed at US$ 1175/ton. Prices of PTA imported from Taiwanese market decreased and were quoted in the range of US$ 1175/ton to US$ 1180/ton. In the Chinese domestic market, PTA prices declined and were quoted in the range of RMB 8625/ton to RMB 8675/ton.

Ethylene prices showed mixed trend in Asian markets. In S E Asian market, Ethylene prices increased and were assessed in the range of US$ 1390/ton to US$ 1395/ton. In F E Asian region, Ethylene prices were offered at US$ 1325/ton. In the US market, Ethylene prices remained stable and were quoted in the range of 66.00 cents/pound to 66.50 cents/pound. Ethylene prices were steady in European international and domestic markets, and were quoted at US$ 1500/ton and € 1150/ton, respectively.

MEG prices were stable in Asian markets. In S E Asian region, MEG prices kept unchanged and were quoted at US$ 1170/ton. In China market, MEG prices went down and were offered in the range of US$ 1165/ton to US$ 1170/ton. In the Chinese domestic market, MEG prices remained steady in the range of RMB 8750/ton to RMB 8800/ton.

In S E Asian region, BG PET Chips prices were stable in the range of US$ 1550/ton to US$ 1600/ton and some deals were negotiated in the range of US$ 1540/ton to US$ 1580/ton. In F E Asian market, selling offers were between US$ 1520/ton to US$ 1560/ton. In the Chinese market, BG PET Chips prices stayed flat at RMB 11150/ton.

In Korean market, FG PET Chips prices remained stable 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 were steady in the range of RMB 10875/ton to RMB 10925/ton.

PSF prices increased in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1685/ton. In S E Asian market, PSF selling prices were offered at US$ 1585/ton. In the Chinese domestic market, PSF prices went down and were quoted in the range of RMB 11575/ton to RMB 11625/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices stayed steady and were quoted at RMB 11575/ton, RMB 12900/ton and RMB 12000/ton, respectively. In export market, offers for POY, DTY and FDY increased and were assessed at US$ 1595/ton, US$ 1770/ton and US$ 1645/ton, respectively.

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Fibre2fashion News Desk - India

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