PTA & MEG prices decline in Asian region

02 Apr '13

3 min read

Paraxylene (PX) prices surged in Asian markets. In S E Asian region, PX prices increased and were quoted in the range of US$ 1405/ton to US$ 1410/ton. In F E Asian market, PX prices were quoted at US$ 1385/ton. Prices of PX imported from Taiwanese market stayed steady and were offered in the range of US$ 1395/ton to US$ 1400/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices were quoted in the range of US$ 1035/ton to US$ 1040/ton. In F E Asian market, PTA prices were offered at US$ 1035/ton. Prices of PTA imported from Taiwanese market stayed steady and were quoted in the range of US$ 1035/ton to US$ 1040/ton. In the Chinese domestic market, PTA prices kept unchanged and were offered in the range of RMB 7625/ton to RMB 7675/ton.

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

MEG prices declined in Asia. In S E Asian region, MEG prices were assessed at US$ 970/ton. In the Chinese international market, MEG prices kept unchanged and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, MEG prices declined and were quoted in the range of RMB 7200/ton to RMB 7250/ton.

In S E Asian region, BG PET Chips prices were steady in the range of US$ 1500/ton to US$ 1550/ton and some deals were discussed in the range of 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 stayed steady and were quoted 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 and were in the range of RMB 9225/ton to RMB 9275/ton.

PSF prices surged in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1460/ton. In S E Asian market, PSF selling prices were assessed at US$ 1360/ton. In the Chinese domestic market, PSF prices remained unchanged and were quoted in the range of RMB 10025/ton to RMB 10075/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged and were assessed at RMB 10400/ton, RMB 12100/ton, and RMB 10850/ton, respectively. In export market, offers for POY, DTY, and FDY increased and were quoted at US$ 1425/ton, US$ 1660/ton, and US$ 1480/ton, respectively.

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Fibre2fashion News Desk - India

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