MEG prices rise in China

22 Mar '13

3 min read

Paraxylene (PX) prices stayed steady in Asian markets. In S E Asian region, PX prices remained stable and were quoted in the range of US$ 1500/ton to US$ 1505/ton. In F E Asian market, PX prices were assessed at US$ 1480/ton. Prices of PX imported from Taiwanese market kept unchanged and were offered in the range of US$ 1500/ton to US$ 1505/ton.

PTA prices increased marginally in the Asian region. In S E Asian market, PTA prices surged and were quoted in the range of US$ 1090/ton to US$ 1095/ton. In F E Asian market, PTA prices were offered at US$ 1105/ton. Prices of PTA imported from Taiwanese market declined and were quoted in the range of US$ 1095/ton to US$ 1100/ton. In the Chinese domestic market, PTA prices dipped and were offered in the range of RMB 7975/ton to RMB 8025/ton.

Ethylene prices maintained steady trend in Asian markets. In S E Asian market, Ethylene prices were assessed in the range of US$ 1370/ton to US$ 1375/ton. In F E Asian region, Ethylene prices were quoted at US$ 1195/ton. In the US market, Ethylene prices stayed steady and were quoted in the range of 64.50 cents/pound to 65.00 cents/pound. Ethylene prices remained stable in the European international and domestic markets, and were quoted at US$ 1490/ton and € 1145/ton, respectively.

MEG prices fell in Asia. In S E Asian region, MEG prices were quoted at US$ 1030/ton. In the Chinese international market, MEG prices surged and were assessed in the range of US$ 1030/ton to US$ 1035/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7750/ton to RMB 7800/ton.

In S E Asian region, BG PET Chips prices were stable in the range of US$ 1500/ton to US$ 1540/ton and some deals were discussed in the range of US$ 1490/ton to US$ 1530/ton. In F E Asian market, selling offers were between US$ 1480/ton to US$ 1530/ton. In the Chinese market, BG PET Chips prices maintained a stable trend at RMB 10500/ton.

In Korean market, FG PET Chips prices stayed steady in the range of US$ 1330/ton to US$ 1350/ton. In Indian market, FOB based prices were assessed in the range of US$ 1360/ton to US$ 1380/ton. In the Chinese market, FG PET Chips prices were stable in the range of RMB 10300/ton to RMB 10350/ton.

PSF prices moved down in Asian markets. In F E Asian market, PSF prices were offered at US$ 1505/ton. In S E Asian market, PSF selling prices were quoted at US$ 1405/ton. In the Chinese domestic market, PSF prices declined and were offered in the range of RMB 10300/ton to RMB 10450/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices stayed steady and were offered at RMB 10950/ton, RMB 12500/ton, and RMB 11350/ton, respectively. In export market, offers for POY, DTY, and FDY were steady and were quoted at US$ 1505/ton, US$ 1715/ton, and US$ 1550/ton, respectively.

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Fibre2fashion News Desk - India

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