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MEG prices decrease in Chinese domestic market
08
Aug '13
Paraxylene (PX) prices stayed stable in Asian markets. In the Southeast Asian region, PX prices went down and were quoted in the range of US$ 1485/ton to US$ 1490/ton. In the Fareast Asian market, PX prices were offered at US$ 1470/ton. Prices of PX imported from Taiwanese market decreased and were quoted in the range of US$ 1490/ton to US$ 1495/ton.              
 
PTA prices increased in the Asian region. In the Southeast Asian market, PTA prices surged and were assessed in the range of US$ 1120/ton to US$ 1125/ton. In the Fareast Asian market, PTA prices were offered at US$ 1125/ton. Prices of PTA imported from Taiwanese market increased and were quoted in the range of US$ 1115/ton to US$ 1120/ton. In the Chinese domestic market, PTA prices declined and were offered in the range of RMB 7775/ton to RMB 7825/ton.   
 
Ethylene prices surged in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1290/ton to US$ 1295/ton. In the Fareast Asian region, Ethylene prices were offered at US$ 1240/ton. In the US market, Ethylene prices remained steady and were assessed in the range of 52.00 cents/pound to 52.50 cents/pound. Ethylene prices were stable in the European international and domestic markets, and were offered at US$ 1370/ton and €1070/ton, respectively.   
 
MEG prices declined in Asia. In the Southeast Asian region, MEG prices declined and were assessed at US$ 1105/ton. In the Chinese international market, MEG prices remained unchanged and were quoted in the range of US$ 1100/ton to US$ 1105/ton. In the Chinese domestic market, MEG prices went down and were assessed in the range of RMB 8050/ton to RMB 9000/ton.
 
In the Southeast Asian region, BG PET Chips prices remained stable and were offered in the range of US$ 1420/ton to US$ 1460/ton and some deals were discussed at around US$ 1410/ton to US$ 1420/ton. In the Fareast Asian market, selling offers were stable at US$ 1400/ton to US$ 1440/ton, while talked prices were offered between US$ 1390/ton and US$ 1410/ton. In the Chinese market, BG PET Chips prices stayed stable and were quoted at RMB 10100/ton.
 
In the Korean market, FG PET Chips prices remained unchanged and were assessed in the range of US$ 1240/ton to US$ 1270/ton. In Indian market, FOB based prices surged and were quoted in the range of US$ 1290/ton to US$ 1340/ton. In the Chinese market, FG PET Chips prices were stable and were assessed in the range of RMB 9475/ton to RMB 9525/ton.
 
PSF prices remained steady 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 were stable and were assessed in the range of RMB 10300/ton to RMB 10350/ton.
 
In the Chinese domestic market, prices of Polyester POY increased at RMB 10500/ton, while DTY and FDY remained stable at RMB 12050/ton, and RMB 10575/ton, respectively. In the export market, prices for POY and FDY increased at US$ 1465/ton and US$ 1460/ton respectively, while prices of DTY remained unchanged at US$ 1675/ton.
 
Click here to view and compare daily price trends
 

Fibre2fashion News Desk - India


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