MEG prices plunge in Asian markets

05 Sep '13

3 min read

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

PTA prices dipped in the Asian region. In the Southeast Asian market, PTA prices plunged and were assessed in the range of US$ 1070/ton to US$ 1075/ton. In the Far East Asian market, PTA prices were quoted at US$ 1075/ton. Prices of PTA imported from the Taiwanese market increased and were assessed in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, PTA prices remained stable and were quoted in the range of RMB 7725/ton to RMB 7775/ton.

Ethylene prices showed a mixed trend in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1365/ton to US$ 1370/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1230/ton. In the US market, Ethylene prices declined and were assessed in the range of 54.50 cents/pound to 55.00 cents/pound. Ethylene prices remained unchanged in the European international and domestic market, and were quoted at US$ 1480/ton and €1185/ton, respectively.

MEG prices plunged in Asian markets. In the Southeast Asian region, MEG prices decreased and were quoted at US$ 1080/ton. In the Chinese international market, MEG prices remained stable and were assessed in the range of US$ 1095/ton to US$ 1100/ton. In the Chinese domestic market, MEG prices remained unchanged and were quoted in the range of RMB 7875/ton to RMB 7925/ton.

In the Southeast Asian region, BG PET Chips prices remained stable in the range of US$ 1450/ton to US$ 1490/ton, and some deals were discussed between US$ 1440/ton and US$ 1480/ton. In the F E Asian market, selling offers remained stable at US$ 1450/ton to US$ 1480/ton, while talked prices were between US$ 1440/ton and US$ 1470/ton. In the Chinese market, BG PET Chips prices declined and were quoted at RMB 10125/ton.

In the Korean market, FG PET Chips prices maintained a steady trend and were quoted in the range of US$ 1260/ton to US$ 1290/ton. In the Indian market, FOB based prices surged and were assessed in the range of US$ 1310/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices declined and were quoted in the range of RMB 9575/ton to RMB 9625/ton.

PSF prices dipped in Asian markets. In the Far East Asian market, PSF prices were assessed at US$ 1465/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1365/ton. In the Chinese domestic market, PSF prices plunged and were quoted in the range of RMB 10290/ton to RMB 10330/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10750/ton, RMB 12250/ton, and RMB 10800/ton, respectively. In the export market, prices of POY, DTY, and FDY declined and were quoted at US$ 1445/ton, US$ 1640/ton, and US$ 1435/ton, respectively.

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Fibre2fashion News Desk - India

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