Asian Ethylene & MEG markets show mixed trends

06 Feb '13

3 min read

Paraxylene (PX) prices went down in Asian markets. In S E Asian region, PX prices decreased and were assessed in the range of US$ 1695/ton to US$ 1700/ton. In F E Asian market, PX prices were offered at US$ 1675/ton. Prices of PX imported from Taiwanese market went up and were quoted in the range of US$ 1705/ton to US$ 1710/ton.

PTA prices remained stable in the Asian region. In S E Asian market, PTA prices stayed steady and were offered in the range of US$ 1195/ton to US$ 1200/ton. In F E Asian market, PTA prices were quoted at US$ 1205/ton. Prices of PTA imported from Taiwanese market went up and were assessed in the range of US$ 1200/ton to US$ 1205/ton. In the Chinese domestic market, PTA prices stayed stable and were quoted in the range of RMB 8850/ton to RMB 8900/ton.

Ethylene prices showed mixed trend in Asian markets. In S E Asian market, Ethylene prices went up and were quoted in the range of US$ 1410/ton to US$ 1415/ton. In F E Asian region, Ethylene prices were unchanged at US$ 1350/ton. In the US market, Ethylene prices remained stable and were offered in the range of 63.50 cents/pound to 64.50 cents/pound. Ethylene prices remained steady in the European international and domestic markets, and were assessed at US$ 1510/ton and € 1140/ton, respectively.

MEG prices showed mixed trend in Asia. In S E Asian region, MEG prices were assessed at US$ 1190/ton. In China market, MEG prices went up and were quoted in the range of US$ 1185/ton to US$ 1190/ton. In the Chinese domestic market, MEG prices declined and were offered in the range of RMB 8810/ton to RMB 8860/ton.

In S E Asian region, BG PET Chips prices were stable in the range of US$ 1570/ton to US$ 1600/ton and some deals were discussed in the range of US$ 1560/ton to US$ 1590/ton. In F E Asian market, selling offers were between US$ 1550/ton to US$ 1580/ton. In the Chinese market, BG PET Chips prices were stable at RMB 11500/ton.

In Korean market, FG PET Chips prices remained stable in the range of US$ 1410/ton to US$ 1430/ton. In Indian market, FOB based prices were quoted in the range of US$ 1420/ton to US$ 1460/ton. In the Chinese market, FG PET Chips prices were steady in the range of RMB 10900/ton to RMB 10950/ton.

PSF prices continued to remain stable in Asian markets. In F E Asian market, PSF prices were assessed at US$ 1670/ton. In S E Asian market, PSF selling prices were quoted at US$ 1570/ton. In the Chinese domestic market, PSF prices were unchanged 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 were stable at RMB 11550/ton, RMB 12900/ton, and RMB 12000/ton, respectively. In export market, offers for POY declined to US$ 1575/ton, while DTY and FDY prices were quoted at US$ 1755/ton and US$ 1630/ton, respectively.

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Fibre2fashion News Desk - India

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