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Ethylene prices plunge in US market
26
Sep '13
Paraxylene (PX) prices swelled in Asian markets. In the Southeast Asian region, PX prices surged 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$ 1495/ton to US$ 1500/ton.
 
PTA prices maintained a steady trend in the Asian region. In the Southeast Asian market, PTA prices remained unchanged and were assessed in the range of US$ 1060/ton to US$ 1065/ton. In the Far East Asian market, PTA prices were assessed at US$ 1060/ton. Prices of PTA imported from the Taiwanese market remained stable and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices maintained a steady trend and were assessed in the range of RMB 7625/ton to RMB 7675/ton.
 
Ethylene prices showed a mixed trend in Asian markets. In the Southeast Asian market, Ethylene prices declined and were quoted in the range of US$ 1435/ton to US$ 1440/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1290/ton. In the US market, Ethylene prices dipped and were quoted in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices remained unchanged in the European international and domestic market, and were assessed at US$ 1380/ton and €1105/ton, respectively.
 
MEG prices decreased in Asian markets. In the Southeast Asian region, MEG prices were quoted at US$ 1065/ton. In the Chinese international market, MEG prices increased and were assessed in the range of US$ 1060/ton to US$ 1065/ton. In the Chinese domestic market, MEG prices remained stable and were quoted in the range of RMB 7800/ton to RMB 7850/ton.
 
In the Southeast Asian region, BG PET Chips prices maintained a steady trend in the range of US$ 1420/ton to US$ 1460/ton, and some deals were discussed at around 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 maintained a steady trend 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 unchanged and were quoted in the range of US$ 1290/ton to US$ 1340/ton. In the Chinese market, FG PET Chips prices remained stable and were assessed in the range of RMB 9325/ton to RMB 9375/ton.
 
PSF prices maintained a steady 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 assessed at US$ 1400/ton. In the Chinese domestic market, PSF prices dipped and were quoted in the range of RMB 10050/ton to RMB 10100/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY plunged and were assessed at RMB 10200/ton, RMB 12050/ton, and RMB 10475/ton, respectively. In the export market, prices of POY, DTY, and FDY dipped and were quoted at US$ 1415/ton, US$ 1675/ton, and US$ 1445/ton, respectively.   
 
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Fibre2fashion News Desk - India

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