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MEG prices rise in Chinese domestic market
22
Aug '13
Paraxylene (PX) prices decreased in Asian markets. In the Southeast Asian region, PX prices declined and were quoted in the range of US$ 1500/ton to US$ 1505/ton. In the Far East Asian market, PX prices were assessed at US$ 1480/ton. Prices of PX imported from the Taiwanese market increased and were quoted in the range of US$ 1510/ton to US$ 1515/ton.   
 
PTA prices dropped in the Asian region. In the Southeast Asian market, PTA prices declined and were quoted in the range of US$ 1070/ton to US$ 1075/ton. In the Far East Asian market, PTA prices were offered at US$ 1075/ton. Prices of PTA imported from the Taiwanese market decreased and were assessed in the range of US$ 1085/ton to US$ 1090/ton. In the Chinese domestic market, PTA prices surged and were offered in the range of RMB 7675/ton to RMB 7725/ton.   
 
Ethylene prices showed mixed trend in Asian markets. In the Southeast Asian market, Ethylene prices were quoted in the range of US$ 1325/ton to US$ 1330/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1220/ton. In the US market, Ethylene prices surged and were quoted in the range of 55.50 cents/pound to 56.00 cents/pound. Ethylene prices stayed steady in the European international and domestic markets, and were assessed at US$ 1395/ton and €1085/ton, respectively.  
 
MEG prices inched down in Asian markets. In the Southeast Asian region, MEG prices declined and were quoted at US$ 1070/ton. In the Chinese international market, MEG prices remained steady in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices increased and were quoted in the range of RMB 8100/ton to RMB 8150/ton.    
 
In the Southeast Asian region, BG PET Chips prices were steady in the range of US$ 1440/ton to US$ 1480/ton, and some deals were discussed in the range of US$ 1430/ton to US$ 1470/ton. In the Far East Asian market, selling offers remained unchanged at US$ 1440/ton to US$ 1470/ton, while talked prices were between US$ 1430/ton and US$ 1450/ton. In the Chinese market, BG PET Chips prices increased and were assessed at RMB 10200/ton.
 
In the Korean market, FG PET Chips prices maintained stable trend in the range of US$ 1250/ton to US$ 1280/ton. In the Indian market, FOB based prices were stable in the range of US$ 1300/ton to US$ 1350/ton. In the Chinese market, FG PET Chips prices remained steady and were assessed in the range of RMB 9650/ton to RMB 9700/ton.
 
PSF prices remained steady in the Asian region. In the Far East Asian market, PSF prices were offered at US$ 1520/ton. In the Southeast Asian market, PSF selling prices were assessed at US$ 1420/ton. In the Chinese domestic market, PSF prices maintained steady trend and were assessed in the range of RMB 10350/ton to RMB 10375/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY were steady at RMB 10650/ton, RMB 12150/ton, and RMB 10750/ton, respectively. In the export market, offers for POY, DTY, and FDY were unchanged at US$ 1485/ton, US$ 1690/ton, and US$ 1485/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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