Asian PX & PTA prices drop

15 Apr '13

3 min read

Paraxylene (PX) prices decreased in Asian markets. In S E Asian region, PX prices declined and were assessed in the range of US$ 1500/ton to US$ 1505/ton. In F E Asian market, PX prices were quoted at US$ 1480/ton. Prices of PX imported from Taiwanese market increased and were quoted in the range of US$ 1540/ton to US$ 1545/ton.

PTA prices decreased in the Asian region. In S E Asian market, PTA prices declined in the range of US$ 1065/ton to US$ 1070/ton. In F E Asian market, PTA prices were quoted at US$ 1065/ton. Prices of PTA imported from Taiwanese market stayed steady and were quoted in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices declined and were offered in the range of RMB 7775/ton to RMB 7825/ton.

Ethylene prices showed a mixed trend in Asian markets. In S E Asian market, Ethylene prices were offered in the range of US$ 1255/ton to US$ 1260/ton. In F E Asian region, Ethylene prices were assessed at US$ 1235/ton. In the US market, Ethylene prices surged and were assessed in the range of 57.50 cents/pound to 58.00 cents/pound. Ethylene prices declined in the European international and domestic markets, and were assessed at US$ 1300/ton and € 1045/ton, respectively.

MEG prices remained unchanged in Asia. In S E Asian region, MEG prices were assessed at US$ 1025/ton. In the Chinese international market, MEG prices rose and were quoted in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, MEG prices stayed steady and were offered in the range of RMB 7450/ton to RMB 7500/ton.

In S E Asian region, BG PET Chips prices remained steady 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 to US$ 1440/ton. In the Chinese market, BG PET Chips prices stayed steady and were quoted at RMB 10,300/ton.

In Korean market, FG PET Chips prices remained stable 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 increased and were offered in the range of RMB 9700/ton to RMB 9750/ton.

PSF prices increased in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1505/ton. In S E Asian market, PSF selling prices were assessed at US$ 1405/ton. In the Chinese domestic market, PSF prices remained steady 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 remained unchanged 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$ 1470/ton, US$ 1690/ton, and US$ 1535/ton, respectively.

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Fibre2fashion News Desk - India

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