Ethylene prices increase in US market

12 Jul '13

3 min read

Paraxylene (PX) prices went up in Asian markets. In the Southeast Asian region, PX prices increased and were assessed in the range of US$ 1455/ton to US$ 1460/ton. In the Fareast Asian market, PX prices were offered at US$ 1435/ton. Prices of PX imported from Taiwanese market stayed stable and were offered in the range of US$ 1435/ton to US$ 1440/ton.

PTA prices went up in the Asian region. In the Southeast Asian market, PTA prices increased in the range of US$ 1065/ton to US$ 1070/ton. In the Fareast Asian market, PTA prices were offered at US$ 1065/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 remained stable and were offered in the range of RMB 7700/ton to RMB 7750/ton.

Ethylene prices showed a mixed trend in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1280/ton to US$ 1285/ton. In the Fareast Asian region, Ethylene prices were offered at US$ 1230/ton. In the US market, Ethylene prices shot up and were quoted in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices were stable in the European international and domestic markets, and were witnessed at US$ 1295/ton and €1030/ton, respectively.

MEG prices increased in Asia. In the Southeast Asian region, MEG prices surged and were assessed at US$ 1025/ton. In the Chinese international market, MEG prices went up in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7395/ton to RMB 7445/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 talked prices were offered between US$ 1380/ton and US$ 1400/ton. In the Chinese market, BG PET Chips prices went up and were quoted at RMB 9775/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 9300/ton to RMB 9350/ton.

PSF prices went up in Asian markets. In the Fareast Asian market, PSF prices were offered at US$ 1465/ton. In the Southeast Asian market, PSF prices were offered at US$ 1365/ton. In the Chinese domestic market, PSF prices went up and were offered in the range of RMB 10015/ton to RMB 10065/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10350/ton, RMB 11950/ton, and RMB 10425/ton, respectively. In the export market, prices for POY, DTY, and FDY were stable at US$ 1430/ton, US$ 1650/ton, and US$ 1425/ton, respectively.

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Fibre2fashion News Desk - India

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