Asian PX & PTA prices move downwards

23 May '13

3 min read

Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices stayed steady and were quoted in the range of US$ 1415/ton to US$ 1420/ton. In the F E Asian market, PX prices were assessed at US$ 1390/ton. Prices of PX imported from the Taiwanese market remained unchanged and were assessed in the range of US$ 1425/ton to US$ 1430/ton.

PTA prices plunged in the Asian region. In the S E Asian market, PTA prices decreased and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the F E Asian market, PTA prices were offered at US$ 1055/ton. Prices of PTA imported from the Taiwanese market surged and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices fell and were offered in the range of RMB 7725/ton to RMB 7775/ton.

Ethylene prices showed a mixed trend in Asian markets. In the S E Asian market, Ethylene prices were assessed in the range of US$ 1285/ton to US$ 1290/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1130/ton. In the US market, Ethylene prices declined and were quoted in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices remained stable in the European international and domestic markets, and were quoted at US$ 1105/ton and € 865/ton, respectively.

MEG prices remained stable in Asia. In the S E Asian region, MEG prices were offered at US$ 1000/ton. In the Chinese international market, MEG prices plunged and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, MEG prices declined and were offered in the range of RMB 7325/ton to RMB 7375/ton.

In the S E Asian region, BG PET Chips prices remained steady in the range of US$ 1440/ton to US$ 1460/ton and some deals were discussed in the range of US$ 1420/ton to US$ 1450/ton. In the F E Asian market, selling offers stayed stable between US$ 1420/ton to US$ 1460/ton, while discussion prices were between US$ 1410/ton and US$ 1420/ton. In the Chinese market, BG PET Chips prices remained stable and were quoted at RMB 9975/ton.

In the Korean market, FG PET Chips prices remained unchanged 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 remained steady and were offered in the range of RMB 9550/ton to RMB 9600/ton.

PSF prices remained stable in Asian markets. In the F E Asian market, PSF prices were offered at US$ 1485/ton. In the S E Asian market, PSF selling prices were offered at US$ 1385/ton. In the Chinese domestic market, PSF prices stayed stable and were offered in the range of RMB 10175/ton to RMB 10225/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY declined to RMB 10550/ton, RMB 12200/ton, and RMB 11050/ton, respectively. In the export market, offers for POY, DTY, and FDY decreased to US$ 1450/ton, US$ 1675/ton, and US$ 1510/ton, respectively.

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Fibre2fashion News Desk - India

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