Home / Knowledge / News / Textiles / MEG prices plunge in Southeast Asian region
MEG prices plunge in Southeast Asian region
23
Oct '13
Paraxylene (PX) prices surged in Asian markets. In the Southeast Asian region, PX prices swelled and were quoted in the range of US$ 1405/ton to US$ 1410/ton. In the Far East Asian market, PX prices were assessed at US$ 1385/ton. Prices of PX imported from the Taiwanese market plunged and were quoted in the range of US$ 1400/ton to US$ 1405/ton.
 
PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices decreased and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the Far East Asian market, PTA prices were assessed at US$ 1000/ton. Prices of PTA imported from the Taiwanese market dipped and were quoted in the range of US$ 990/ton to US$ 995/ton. In the Chinese domestic market, PTA prices remained unchanged and were assessed in the range of RMB 7400/ton to RMB 7450/ton.
 
Ethylene prices remained stable in Asian markets. In the Southeast Asian market, Ethylene prices were quoted in the range of US$ 1460/ton to US$ 1465/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1365/ton. In the US market, Ethylene prices remained unchanged and were quoted in the range of 46.50 cents/pound to 47.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1295/ton and €1010/ton, respectively.
 
MEG prices decreased in Asian markets. In the Southeast Asian region, MEG prices were assessed at US$ 1052/ton. In the Chinese international market, MEG prices declined and were quoted in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, MEG prices plunged and were assessed in the range of RMB 7650/ton to RMB 7700/ton.
 
In the Southeast Asian region, BG PET Chip prices maintained a steady trend in the range of US$ 1360/ton to US$ 1400/ton, and some deals were discussed in the range of US$ 1350/ton to US$ 1390/ton. In the Far East Asian market, selling offers remained stable and were quoted at US$ 1370/ton to US$ 1400/ton, while talked prices were between US$ US$ 1360/ton and US$ 1390/ton. In the Chinese market, BG PET Chip prices remained unchanged and were assessed at RMB 9475/ton.
 
In the Korean market, FG PET Chip prices remained stable and were assessed in the range of US$ 1200/ton to US$ 1230/ton. In the Indian market, FOB based prices declined and were quoted in the range of US$ 1250/ton to US$ 1300/ton. In the Chinese market, FG PET Chip prices maintained a steady trend and were assessed in the range of RMB 9000/ton to RMB 9050/ton.
 
PSF prices remained unchanged in Asian markets. In the Far East Asian market, PSF prices were quoted at US$ 1505/ton. In the Southeast Asian market, PSF selling prices were assessed at US$ 1405/ton. In the Chinese domestic market, PSF prices remained unchanged and were quoted in the range of RMB 9800/ton to RMB 9850/ton.
 
In the Chinese domestic market, prices of Polyester POY remained stable at RMB 10025/ton, while prices of DTY and FDY declined at RMB 12000/ton, RMB 10200/ton, respectively. In the export market, prices of POY, DTY, and FDY remained stable and were quoted at US$ 1395/ton, US$ 1675/ton, and US$ 1410/ton, respectively. 
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search