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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

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