PTA, MEG & PSF trends decline in Asian markets

01 Apr '13

3 min read

Paraxylene (PX) prices remained unchanged in Asian markets. In S E Asian region, PX prices were steady and were offered in the range of US$ 1395/ton to US$ 1400/ton. In F E Asian market, PX prices were assessed at US$ 1375/ton. PX imported from Taiwanese market declined and was quoted in the range of US$ 1395/ton to US$ 1400/ton.

PTA prices went down in the Asian region. In S E Asian market, PTA prices were offered in the range of US$ 1040/ton to US$ 1045/ton. In F E Asian market, PTA prices were quoted at US$ 1040/ton. PTA imported from Taiwanese market went down and was offered in the range of US$ 1035/ton to US$ 1040/ton. In the Chinese domestic market, PTA prices went down and were offered in the range of RMB 7625/ton to RMB 7675/ton.

Ethylene prices showed mixed trend in Asian markets. In S E Asian market, Ethylene prices were quoted in the range of US$ 1355/ton to US$ 1360/ton. In F E Asian region, Ethylene prices were assessed at US$ 1220/ton. In the US market, Ethylene prices went down and were offered in the range of 61.50 cents/pound to 62.00 cents/pound. Ethylene prices declined in the European international market and in the domestic market, and were offered at US$ 1400/ton and € 1095/ton, respectively.

MEG prices went down in Asia. In S E Asian region, MEG prices were offered at US$ 985/ton. In Chinese international market, MEG prices declined and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, MEG prices went down and were quoted in the range of RMB 7300/ton to RMB 7375/ton.

In S E Asian region, BG PET Chips prices were steady in the range of US$ 1500/ton to US$ 1550/ton. Some deals were discussed at around US$ 1500/ton to US$ 1530/ton. In F E Asian market, selling offers were between US$ 1410/ton to US$ 1470/ton. In the Chinese market, BG PET Chips prices went down and were offered at RMB 9950/ton.

In Korean market, FG PET Chips prices remained unchanged in the range of US$ 1270/ton to US$ 1290/ton. In Indian market, FOB based prices were assessed in the range of US$ 1300/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices decreased in the range of RMB 9425/ton to RMB 9475/ton.

PSF prices showed a downward trend in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1435/ton. In S E Asian market, PSF selling prices were assessed at US$ 1335/ton. In the Chinese domestic market, PSF prices declined and were offered in the range of RMB 10025/ton to RMB 10075/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices declined and were offered at RMB 10400/ton, RMB 12100/ton, and RMB 10850/ton, respectively. In export market, offers for POY, DTY, and FDY plunged down and were quoted at US$ 1405/ton, US$ 1630/ton, and US$ 1455/ton, respectively.

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Fibre2fashion News Desk - India

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