MEG prices decrease in Chinese domestic market

08 Aug '13

3 min read

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.

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Fibre2fashion News Desk - India

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