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Ethylene prices surge in US; steady in Europe
23
Aug '13
Paraxylene (PX) prices stayed steady in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were assessed in the range of US$ 1500/ton to US$ 1505/ton. In the Far East Asian markets, PX prices were quoted at US$ 1480/ton. Prices of PX imported from Taiwanese markets decreased and were quoted in the range of US$ 1500/ton to US$ 1505/ton.   
           
PTA prices decreased in the Asian region. In the Southeast Asian market, PTA prices dipped in the range of US$ 1065/ton to US$ 1070/ton. In the Far East Asian market, PTA prices were assessed at US$ 1065/ton. Prices of PTA imported from Taiwanese markets declined and were quoted in the range of US$ 1070/ton to US$ 1075/ton. In the Chinese domestic market, PTA prices remained unchanged and were assessed 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$ 1345/ton to US$ 1350/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1220/ton. In the US market, Ethylene prices surged and were quoted in the range of 56.00 cents/pound to 56.50 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 increased in the Asian region. In the Southeast Asian region, MEG prices surged and were assessed at US$ 1085/ton. In the Chinese international market, MEG prices declined and were quoted in the range of US$ 1060/ton to US$ 1065/ton. In the Chinese domestic market, MEG prices decreased and were assessed in the range of RMB 8000/ton to RMB 8050/ton.      
     
In the Southeast Asian region, BG PET Chips prices were stable 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 Far East Asian markets, selling offers remained unchanged in the range of US$ 1440/ton to US$ 1470/ton, while talked prices were between US$ 1430/ton and US$ 1450/ton. In the Chinese markets, BG PET Chips prices decreased and were quoted at RMB 10150/ton.
 
In the Korean region, FG PET Chips prices maintained stable trend in the range of US$ 1250/ton to US$ 1280/ton. In Indian markets, FOB based prices were stable in the range of US$ 1300/ton to US$ 1350/ton. In Chinese markets, FG PET Chips prices remained steady and were assessed in the range of RMB 9650/ton to RMB 9700/ton.
 
PSF prices maintained a steady trend in Asian markets. In the Far East Asian region, PSF prices were quoted at US$ 1520/ton. In Southeast Asian markets, PSF selling prices were offered at US$ 1420/ton. In Chinese domestic markets, PSF prices maintained steady trend and were assessed in the range of RMB 10350/ton to RMB 10375/ton.
 
In Chinese domestic markets, prices of Polyester POY, DTY and FDY were stable at RMB 10650/ton, RMB 12150/ton, and RMB 10750/ton, respectively. In the export market, offers for POY, DTY, and FDY were steady 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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