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Asian PX, PTA & PSF markets swell
06
May '13
Paraxylene (PX) prices increased in Asian markets. In S E Asian region, PX prices increased and were assessed in the range of US$ 1430/ton to US$ 1435/ton. In F E Asian market, PX prices were quoted at US$ 1410/ton. Prices of PX imported from the Taiwanese market declined and were offered in the range of US$ 1415/ton to US$ 1420/ton.
 
PTA prices moved up in the Asian region. In S E Asian market, PTA prices rose and were quoted in the range of US$ 1040/ton to US$ 1045/ton. In F E Asian market, PTA prices were offered at US$ 1040/ton. Prices of PTA imported from the Taiwanese market declined and were offered in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, PTA prices increased and were assessed in the range of RMB 7775/ton to RMB 7825/ton.
 
Ethylene prices maintained a stable trend in Asian markets. In the S E Asian market, Ethylene prices were assessed in the range of US$ 1210/ton to US$ 1215/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1080/ton. In the US market, Ethylene prices remained unchanged and were offered in the range of 54.50 cents/pound to 55.00 cents/pound. Ethylene prices were stable in the European international and domestic markets, and were quoted at US$ 1185/ton and € 945/ton, respectively.
   
MEG prices showed a mixed trend in Asia. In S E Asian region, MEG prices were quoted at US$ 985/ton. In the Chinese international market, MEG prices plunged and were assessed in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, MEG prices stayed stable and were offered in the range of RMB 7300/ton to RMB 7350/ton.
 
In S E Asian region, BG PET Chips prices remained stable in the range of US$ 1440/ton to US$ 1480/ton and some deals were discussed in the range of US$ 1440/ton to US$ 1450/ton. In the F E Asian market, selling offers stayed steady between US$ 1410/ton to US$ 1480/ton, while prices were negotiated in the range of US$ 1390/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices remained stable and were quoted at RMB 10100/ton.
 
In the Korean market, FG PET Chips prices remained steady in the range of US$ 1240/ton to US$ 1270/ton. In the Indian market, FOB based prices were stable in the range of US$ 1290/ton to US$ 1330/ton. In the Chinese market, FG PET Chips prices increased and were offered in the range of RMB 9650/ton to RMB 9700/ton
 
PSF prices moved up in Asian markets. In the F E Asian market, PSF prices were quoted at US$ 1500/ton. In the S E Asian market, PSF selling prices were offered at US$ 1400/ton. In the Chinese domestic market, PSF prices inched up and were quoted in the range of RMB 10300/ton to RMB 10350/ton.
 
In the Chinese domestic market, prices of Polyester POY and FDY surged to RMB 10700/ton and RMB 11250/ton, respectively, while prices of DTY remained stable at RMB 12250/ton. In the export market, offers for POY and FDY increased to US$ 1470/ton and 1540/ton, respectively, while prices of DTY remained unchanged at US$1680/ton. 
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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