• Linkdin

MEG prices surge in Southeast Asian market

10 Jul '13
3 min read

Paraxylene (PX) prices remained stable in Asian markets. In the Southeast Asian region, PX prices were stable and were assessed in the range of US$ 1435/ton to US$ 1440/ton. In the Fareast Asian market, PX prices were offered at US$ 1415/ton. Prices of PX imported from Taiwanese market inched up and were offered in the range of US$ 1435/ton to US$ 1440/ton. 
           
PTA prices remained stable in the Asian region. In the Southeast Asian market, PTA prices were steady in the range of US$ 1060/ton to US$ 1065/ton. In the Fareast Asian market, PTA prices were offered at US$ 1060/ton. Prices of PTA imported from Taiwanese market stayed stable and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices went up and were offered in the range of RMB 7650/ton to RMB 7700/ton.   
 
Ethylene prices remained stable in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1295/ton to US$ 1300/ton. In the Fareast Asian region, Ethylene prices were offered at US$ 1230/ton. In the US market, Ethylene prices decreased and were quoted in the range of 57.00 cents/pound to 57.50 cents/pound. Ethylene prices were stable in the European international and domestic markets and were assessed at US$ 1295/ton and €1035/ton, respectively.  
 
MEG prices showed mixed trend in Asia. In the Southeast Asian region, MEG prices surged and were assessed at US$ 1005/ton. In the Chinese international market, MEG prices remained stable in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, MEG prices surged and were assessed in the range of RMB 7345/ton to RMB 7395/ton.         
 
In the Southeast Asian region, BG PET Chips prices were stable in the range of US$ 1400/ton to US$ 1440/ton and some deals were discussed at around US$ 1380/ton to US$ 1410/ton. In the Fareast Asian market, selling offers stayed stable at US$ 1390/ton to US$ 1440/ton, while prices were offered between US$ 1380/ton and US$ 1400/ton. In the Chinese market, BG PET Chips prices stayed steady and were quoted at RMB 9600/ton.
 
In the Korean market, FG PET Chips prices remained unchanged in the range of US$ 1230/ton to US$ 1260/ton. In Indian market, FOB based prices were steady in the range of US$ 1280/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices decreased and were assessed in the range of RMB 9325/ton to RMB 9375/ton.
 
PSF prices remained stable in Asian markets. In the Fareast Asian market, PSF prices were offered at US$ 1455/ton. In the Southeast Asian market, PSF selling prices were offered at US$ 1355/ton. In the Chinese domestic market, PSF prices went down and were offered in the range of RMB 9945/ton to RMB 9995/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY, and FDY remained stable at RMB 10350/ton, RMB 12000/ton, and RMB 10500/ton, respectively. In the export market, prices for POY, DTY, and FDY increased at US$ 1430/ton, US$ 1655/ton, and US$ 1435/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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