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MEG prices surge in Asian markets
09
Oct '13
Paraxylene (PX) prices remained stable in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were quoted in the range of US$ 1465/ton to US$ 1470/ton. In the Far East Asian market, PX prices were assessed at US$ 1450/ton. Prices of PX imported from the Taiwanese market increased and were quoted in the range of US$ 1470/ton to US$ 1475/ton.
 
PTA prices surged in the Asian region. In the Southeast Asian market, PTA prices increased and were assessed in the range of US$ 1055/ton to US$ 1060/ton. In the Far East Asian market, PTA prices were quoted at US$ 1055/ton. Prices of PTA imported from the Taiwanese market remained stable and were assessed in the range of US$ 1045/ton to US$ 1050/ton. In the Chinese domestic market, PTA prices declined and were quoted in the range of RMB 7550/ton to RMB 7600/ton.
 
Ethylene prices maintained a steady trend in Asian markets. In the Southeast Asian market, Ethylene prices remained unchanged and were assessed in the range of US$ 1465/ton to US$ 1470/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1300/ton. In the US market, Ethylene prices declined and were assessed in the range of 45.00 cents/pound to 45.50 cents/pound. Ethylene prices remained stable in the European international market as well as domestic market and were quoted at US$ 1350/ton and €1055/ton, respectively.
 
MEG prices surged in Asian markets. In the Southeast Asian region, MEG prices were assessed at US$ 1065/ton. In the Chinese international market, MEG prices remained stable and were quoted in the range of US$ 1050/ton to US$ 1055/ton. In the Chinese domestic market, MEG prices maintained a stable trend and were assessed in the range of RMB 7750/ton to RMB 7800/ton.
 
In the Southeast Asian region, BG PET Chips prices remained unchanged in the range of US$ 1380/ton to US$ 1420/ton, and some deals were discussed in the range of US$ 1370/ton to US$ 1410/ton. In the Far East Asian market, selling offers maintained a steady trend at US$ 1390/ton to US$ 1420/ton, while talked prices were between US$ 1380/ton and US$ 1410/ton. In the Chinese market, BG PET Chips prices dipped and were assessed at RMB 9750/ton.
 
In the Korean market, FG PET Chips prices maintained a steady trend and were quoted in the range of US$ 1220/ton to US$ 1250/ton. In the Indian market, FOB based prices remained stable in the range of US$ 1270/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices declined and were assessed in the range of RMB 9250/ton to RMB 9300/ton.
 
 

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