MEG prices dip in Asian markets

26 Aug '13

3 min read

Paraxylene (PX) prices remained steady in Asian markets. In the Southeast Asian region, PX prices remained steady and were quoted in the range of US$ 1500/ton to US$ 1505/ton. In Far East Asian markets, PX prices were assessed at US$ 1480/ton. Prices of PX imported from the Taiwanese market remained stable and were assessed in the range of US$ 1500/ton to US$ 1505/ton.

PTA prices surged in the Asian region. In Southeast Asian markets, PTA prices increased in the range of US$ 1075/ton to US$ 1080/ton. In Far East Asian markets, PTA prices were quoted at US$ 1075/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices increased and were offered in the range of RMB 7700/ton to RMB 7730/ton.

Ethylene prices showed a mixed trend in Asian markets. In Southeast Asian markets, Ethylene prices were offered in the range of US$ 1345/ton to US$ 1350/ton. In Far East Asian region, Ethylene prices were offered at US$ 1215/ton. In the US market, Ethylene prices declined and were quoted in the range of 55.50 cents/pound to 56.00 cents/pound. Ethylene prices swelled in the European international market to US$ 1430/ton, while they remained steady in the domestic market and were quoted at €1085/ton.

MEG prices dipped in Asian markets. In the Southeast Asian region, MEG prices declined and were quoted at US$ 1080/ton. In the Chinese international market, MEG prices surged and were quoted in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices dipped and were assessed in the range of RMB 7950/ton to RMB 8000/ton.

In the Southeast Asian region, BG PET Chips prices remained steady and were quoted in the range of US$ 1440/ton to US$ 1480/ton, and some deals were discussed between US$ 1430/ton and US$ 1470/ton. In Far East Asian markets, 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 remained steady and were quoted at RMB 10150/ton.

In the Korean market, FG PET Chips prices maintained a stable trend, and were quoted 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 declined and were quoted in the range of RMB 9600/ton to RMB 9650/ton.

PSF prices remained steady in Asian markets. In Far East Asian markets, PSF prices were assessed at US$ 1520/ton. In Southeast Asian markets, PSF selling prices were US$ 1420/ton. In Chinese domestic market, PSF prices maintained a steady trend and were assessed in the range of RMB 10350/ton to RMB 10375/ton.

In Chinese domestic market, prices of Polyester POY, DTY and FDY remained steady at RMB 10650/ton, RMB 12150/ton, and RMB 10750/ton, respectively. In the export market, prices offered for POY, DTY, and FDY were stable at US$ 1485/ton, US$ 1690/ton, and US$ 1485/ton, respectively.

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Fibre2fashion News Desk - India

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