Ethylene prices move up in US market

10 May '13

3 min read

Paraxylene (PX) prices remained stable in Asian markets. In S E Asian region, PX prices increased and were assessed in the range of US$ 1435/ton to US$ 1440/ton. In F E Asian market, PX prices were quoted at US$ 1415/ton. Prices of PX imported from the Taiwanese market increased and were offered in the range of US$ 1435/ton to US$ 1440/ton.

PTA prices surged in the Asian region. In S E Asian market, PTA prices shoot up in the range of US$ 1060/ton to US$ 1065/ton. In F E Asian market, PTA prices were offered at US$ 1060/ton. Prices of PTA imported from the Taiwanese market increased and were offered in the range of US$ 1040/ton to US$ 1045/ton. In the Chinese domestic market, PTA prices stayed stable and were assessed 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 assessed in the range of US$ 1245/ton to US$ 1250/ton. In F E Asian region, Ethylene prices were quoted at US$ 1080/ton. In the US market, Ethylene prices went up and were offered in the range of 57.50 cents/pound to 58.00 cents/pound. Ethylene prices decreased in the European international and domestic markets, and were quoted at US$ 1105/ton and € 925/ton, respectively.

MEG prices showed a mixed trend in Asia. In S E Asian region, MEG prices were quoted at US$ 1005/ton. In the Chinese international market, MEG prices went up and were assessed in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices remained stable and were offered in the range of RMB 7425/ton to RMB 7475/ton.

In S E Asian region, BG PET Chips prices remained unchanged in the range of US$ 1440/ton to US$ 1470/ton and some deals were discussed at around US$ 1420/ton to US$ 1450/ton. In F E Asian market, selling prices stayed stable between US$ 1410/ton to US$ 1460/ton, while deals were offered between US$ 1400/ton and US$ 1410/ton. In China market, BG PET Chips prices remained stable and were quoted at RMB 10125/ton.

In the Korean market, FG PET Chips prices remained stable in the range of US$ 1240/ton to US$ 1270/ton. In 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 remained stable and were offered in the range of RMB 9650/ton to RMB 9700/ton.

PSF prices went down in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1495/ton. In S E Asian market, PSF prices were offered at US$ 1395/ton. In the Chinese domestic market, PSF prices declined and were quoted in the range of RMB 10275/ton to RMB 10325/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10750/ton, RMB 12250/ton, and RMB 11250/ton, respectively. In the export market, prices for POY, DTY, and FDY remained stable at US$ 1480/ton, US$1680/ton, and 1540/ton, respectively.

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Fibre2fashion News Desk - India

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