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

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search