Ethylene prices increase in European markets

31 May '13

3 min read

Paraxylene (PX) prices surged in Asian markets. In the S E Asian region, PX prices rose and were quoted in the range of US$ 1420/ton to US$ 1425/ton. In the F E Asian market, PX prices were assessed at US$ 1395/ton. Prices of PX imported from the Taiwanese market increased and were assessed in the range of US$ 1410/ton to US$ 1415/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 increased and were quoted in the range of US$ 1050/ton to US$ 1055/ton. In the Chinese domestic market, PTA prices stayed stable 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$ 1265/ton to US$ 1270/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1150/ton. In the US market, Ethylene prices increased and were quoted in the range of 55.00 cents/pound to 55.50 cents/pound. Ethylene prices surged in the European international and domestic markets, and were quoted at US$ 1140/ton and € 935/ton, respectively.

MEG prices showed mixed trend in Asia. In the S E Asian region, MEG prices were offered at US$ 970/ton. In the Chinese international market, MEG prices remained unchanged and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, MEG prices declined and were assessed in the range of RMB 7075/ton to RMB 7125/ton.

In the S E Asian region, BG PET Chips prices declined in the range of US$ 1430/ton to US$ 1450/ton, and some deals were discussed in the range of US$ 1420/ton to US$ 1430/ton. In the F E Asian market, selling offers declined and were quoted in the range of US$ 1400/ton to US$ 1440/ton, while talked prices were between US$ 1390/ton and US$ 1410/ton. In the Chinese market, BG PET Chips prices stayed stable and were quoted at RMB 9925/ton.

In the Korean market, FG PET Chips prices plunged in the range of US$ 1230/ton to US$ 1260/ton. In the Indian market, FOB based prices declined in the range of US$ 1280/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices remained stable and were offered in the range of RMB 9450/ton to RMB 9500/ton.

PSF prices remained stable 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 declined and were assessed in the range of RMB 10125/ton to RMB 10175/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10475/ton, RMB 12125/ton, and RMB 10850/ton, respectively. In the export market, offers for POY, DTY, and FDY remained unchanged at US$ 1445/ton, US$ 1670/ton, and US$ 1485/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...