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MEG prices surge in Southeast Asian market
10
Jul '13
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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