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PTA prices surge in Chinese domestic market

01 Aug '13
3 min read

Paraxylene (PX) prices surged in Asian markets. In the Southeast Asian region, PX prices went up and were offered in the range of US$ 1470/ton to US$ 1475/ton. In the Fareast Asian market, PX prices were assessed at US$ 1450/ton. Prices of PX imported from Taiwanese market increased and were quoted in the range of US$ 1460/ton to US$ 1465/ton.  
           
PTA prices went up in the Asian region. In the Southeast Asian market, PTA prices surged and were offered in the range of US$ 1095/ton to US$ 1100/ton. In the Fareast Asian market, PTA prices were assessed at US$ 1100/ton. Prices of PTA imported from Taiwanese market surged and were assessed in the range of US$ 1090/ton to US$ 1095/ton. In the Chinese domestic market, PTA prices surged and were offered in the range of RMB 7750/ton to RMB 7800/ton.   
 
Ethylene prices remained stable in Asian markets. In the Southeast Asian market, Ethylene prices were offered in the range of US$ 1215/ton to US$ 1220/ton. In the Fareast Asian region, Ethylene prices were quoted at US$ 1190/ton. In the US market, Ethylene prices remained steady and were assessed in the range of 53.50 cents/pound to 54.0 cents/pound. Ethylene prices were stable in the European international and domestic markets, and were quoted at US$ 1335/ton and €1045/ton, respectively.  
   
MEG prices increased in Asia. In the Southeast Asian region, MEG prices surged and were offered at US$ 1085/ton. In the Chinese international market, MEG prices remained steady in the range of US$ 1070/ton to US$ 1075/ton. In the Chinese domestic market, MEG prices went up and were offered in the range of RMB 8025/ton to RMB 8075/ton.           
 
In the Southeast Asian region, BG PET Chips prices remained steady in the range of US$ 1390/ton to US$ 1430/ton and some deals were discussed at around US$ 1380/ton to US$ 1400/ton. In the Fareast Asian market, selling offers declined at US$ 1390/ton to US$ 1430/ton, while talked prices were offered between US$ 1370/ton and US$ 1390/ton. In the Chinese market, BG PET Chips prices were stable and were assessed at RMB 10000/ton.
 
In the Korean market, FG PET Chips prices remained unchanged in the range of US$ 1220/ton to US$ 1250/ton. In Indian market, FOB based prices declined in the range of US$ 1270/ton to US$ 1310/ton. In the Chinese market, FG PET Chips prices were steady and were quoted in the range of RMB 9325/ton to RMB 9375/ton.
 
PSF prices surged in Asian markets. In the Fareast Asian market, PSF prices were assessed at US$ 1475/ton. In the Southeast Asian market, PSF prices were quoted at US$ 1375/ton. In the Chinese domestic market, PSF prices increased and were assessed in the range of RMB 10200/ton to RMB 10250/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10400/ton, RMB 12000/ton, and RMB 10525/ton, respectively. In the export market, prices for POY, DTY, and FDY were steady at US$ 1445/ton, US$ 1665/ton, and US$ 1450/ton, respectively.  
 
Click here to view and compare daily price trends
 

Fibre2fashion News Desk - India

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