PX & MEG prices move up in Asian markets

12 Apr '13

3 min read

Paraxylene (PX) prices surged in Asian markets. In S E Asian region, PX prices moved up and were offered in the range of US$ 1540/ton to US$ 1545/ton. In F E Asian market, PX prices were assessed at US$ 1515/ton. Prices of PX imported from Taiwanese market increased and were quoted in the range of US$ 1510/ton to US$ 1515/ton.

PTA prices remained stable in the Asian region. In S E Asian market, PTA prices remained stable in the range of US$ 1070/ton to US$ 1075/ton. In F E Asian market, PTA prices were quoted at US$ 1070/ton. Prices of PTA imported from Taiwanese market increased and were offered in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices moved down and were offered in the range of RMB 7875/ton to RMB 7925/ton.

Ethylene prices showed a mixed trend in Asian markets. In S E Asian market, Ethylene prices were quoted in the range of US$ 1260/ton to US$ 1265/ton. In F E Asian region, Ethylene prices were assessed at US$ 1235/ton. In the US market, Ethylene prices declined and were offered in the range of 54.50 cents/pound to 55.00 cents/pound. Ethylene prices remained stable in the European international and domestic markets, and were offered at US$ 1350/ton and € 1050/ton, respectively.

MEG prices inched up in Asia. In S E Asian region, MEG prices were offered at US$ 1025/ton. In the Chinese international market, MEG prices went up and were quoted in the range of US$ 1015/ton to US$ 1020/ton. In the Chinese domestic market, MEG prices declined and were quoted in the range of RMB 7450/ton to RMB 7500/ton.

In S E Asian region, BG PET Chips prices remained stable in the range of US$ 1430/ton to US$ 1480/ton and some deals were discussed in the range of US$ 1420/ton to US$ 1440/ton. In F E Asian market, selling offers stayed steady between US$ 1380/ton and US$ 1440/ton. In the Chinese market, BG PET Chips prices rose and were offered at RMB 10,300/ton.

In Korean market, FG PET Chips prices remained unchanged in the range of US$ 1240/ton to US$ 1260/ton. In Indian market, FOB based prices were steady in the range of US$ 1280/ton to US$ 1310/ton. In the Chinese market, FG PET Chips prices were stable in the range of RMB 9675/ton to RMB 9725/ton.

PSF prices remained stable in Asian market. In F E Asian market, PSF prices were quoted at US$ 1490/ton. In S E Asian market, PSF selling prices were assessed at US$ 1390/ton. In the Chinese domestic market, PSF prices remained stable and were offered in the range of RMB 10325/ton to RMB 10375/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices moved up and were offered at RMB 10,700/ton, RMB 12,300/ton, and RMB 11,200/ton, respectively. In export market, offers for POY, DTY, and FDY increased and were quoted at US$ 1460/ton, US$ 1675/ton, and US$ 1520/ton, respectively.

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Fibre2fashion News Desk - India

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