Home / Knowledge / News / Textiles / MEG prices decline in Chinese domestic market
MEG prices decline in Chinese domestic market
30
May '13
Paraxylene (PX) prices surged in Asian markets. In the S E Asian region, PX prices increased and were quoted in the range of US$ 1410/ton to US$ 1415/ton. In the F E Asian market, PX prices were assessed at US$ 1385/ton. Prices of PX imported from the Taiwanese market stayed stable and were assessed in the range of US$ 1390/ton to US$ 1395/ton. 
 
PTA prices remained stable in the Asian region. In the S E Asian market, PTA prices were stable 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 remained steady and were quoted in the range of US$ 1045/ton to US$ 1050/ton. In the Chinese domestic market, PTA prices decreased and were offered in the range of RMB 7725/ton to RMB 7775/ton.
 
Ethylene prices showed mixed trend in Asian markets. In the S E Asian market, Ethylene prices were assessed in the range of US$ 1270/ton to US$ 1275/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1150/ton. In the US market, Ethylene prices stayed stable and were quoted in the range of 54.50 cents/pound to 55.00 cents/pound. Ethylene prices kept unchanged in the European international and domestic markets, and were quoted at US$ 1110/ton and € 905/ton, respectively.
 
MEG prices showed mixed trend in Asia. In the S E Asian region, MEG prices were offered at US$ 990/ton. In the Chinese international market, MEG prices remained unchanged and were quoted in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, MEG prices declined and were offered in the range of RMB 7175/ton to RMB 7225/ton. 
 
In the S E Asian region, BG PET Chips prices remained stable 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 talked prices were offered between US$ 1410/ton and US$ 1420/ton. In the Chinese market, BG PET Chips prices declined and were quoted at RMB 9925/ton.
 
In the Korean market, FG PET Chips prices remained stable 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 plunged and were offered in the range of RMB 9450/ton to RMB 9500/ton.
 
PSF prices remained unchanged in Asian markets. In the F E Asian market, PSF prices were offered at US$ 1480/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1380/ton. In the Chinese domestic market, PSF prices remained stable and were assessed in the range of RMB 10150/ton to RMB 10200/ton.
 
In the Chinese domestic market, prices of Polyester POY and DTY remained stable at RMB 10475/ton and RMB 12125/ton, respectively, while prices of FDY declined to RMB 10850/ton. In the export market, offers for POY and DTY increased to US$ 1445/ton and US$ 1670/ton, respectively, while prices of FDY declined to US$ 1485/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search