BG PET Chips prices decline in Chinese market

25 Sep '13

3 min read

Paraxylene (PX) prices surged in the Asian region. In the Southeast Asian region, PX prices increased and were quoted in the range of US$ 1495/ton to US$ 15000/ton. In the Far East Asian market, PX prices were assessed at US$ 1475/ton. Prices of PX imported from the Taiwanese market were steady and were assessed in the range of US$ 1480/ton to US$ 1485/ton.

PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices declined and were assessed in the range of US$ 1060/ton to US$ 1065/ton. In the Far East Asian market, PTA prices were offered at US$ 1060/ton. Prices of PTA imported from the Taiwanese market remained steady and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices declined and were quoted in the range of RMB 7625/ton to RMB 7675/ton.

Ethylene prices remained steady in Asian markets. In the Southeast Asian market, Ethylene prices kept unchanged and were quoted in the range of US$ 1440/ton to US$ 1445/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1290/ton. In the US market, Ethylene prices remained stable and were assessed in the range of 51.50 cents/pound to 52.00 cents/pound. Ethylene prices dropped in the European international and domestic markets to US$ 1380/ton and €1105/ton, respectively.

MEG prices increased in Asian markets. In the Southeast Asian region, MEG prices were quoted at US$ 1070/ton. In the Chinese international market, MEG prices were stable in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, MEG prices decreased and were assessed in the range of RMB 7800/ton to RMB 7850/ton.

In the Southeast Asian region, BG PET Chips prices were stable in the range of US$ 1420/ton to US$ 1460/ton, and some deals were discussed in the range of US$ 1410/ton to US$ 1450/ton. In the Far East Asian market, selling offers remained unchanged at US$ 1410/ton to US$ 1450/ton, while talked prices were between US$ 1400/ton and US$ 1440/ton. In the Chinese market, BG PET Chips prices declined and were assessed at RMB 9850/ton.

In the Korean market, FG PET Chips prices remained stable and were assessed in the range of US$ 1240/ton to US$ 1270/ton. In the Indian market, FOB based prices remained steady in the range of US$ 1290/ton to US$ 1340/ton. In the Chinese market, FG PET Chips prices were stable and were offered in the range of RMB 9350/ton to RMB 9400/ton.

PSF prices showed stable trend in Asian markets. In the Far East Asian market, PSF prices were quoted at US$ 1500/ton. In the Southeast Asian market, PSF selling prices were offered at US$ 1400/ton. In the Chinese domestic market, PSF prices dipped and were quoted in the range of RMB 10100/ton to RMB 10150/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained unchanged at RMB 10350/ton, RMB 12200/ton, and RMB 10525/ton, respectively. In the export market, offers for POY, DTY, and FDY stayed steady at US$ 1440/ton, US$ 1700/ton, and US$ 1450/ton, respectively.

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Fibre2fashion News Desk - India

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