Ethylene prices surge in US market

PTA prices remained unchanged in the Asian region. In the Southeast Asian market, PTA prices remained stable and were quoted in the range of US$ 1005/ton to US$ 1010/ton. In the Far East Asian market, PTA prices were assessed at US$ 1005/ton. Prices of PTA imported from the Taiwanese market maintained a steady trend and were assessed in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices remained unchanged and were quoted 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$ 1455/ton to US$ 1460/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1365/ton. In the US market, Ethylene prices surged and were quoted in the range of 46.50 cents/pound to 47.00 cents/pound. Ethylene prices remained unchanged in the European international as well as domestic market and were assessed at US$ 1295/ton and €1010/ton, respectively.

MEG prices remained stable in Asian markets. In the Southeast Asian region, MEG prices remained unchanged and quoted at US$ 1040/ton. In the Chinese international market, MEG prices declined and were assessed in the range of US$ 1030/ton to US$ 1035/ton. In the Chinese domestic market, MEG prices plunged and were quoted in the range of RMB 7600/ton to RMB 7650/ton.

In the Southeast Asian region, BG PET Chip prices remained unchanged in the range of US$ 1360/ton to US$ 1400/ton, and some deals were discussed at around US$ 1350/ton to US$ 1390/ton. In the Far East Asian market, selling offers remained stable 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 dipped and were assessed at RMB 9325/ton.

In the Korean market, FG PET Chip prices maintained a steady trend and were assessed in the range of US$ 1200/ton to US$ 1230/ton. In the Indian market, FOB based prices decreased in the range of US$ 1250/ton to US$ 1300/ton. In the Chinese market, FG PET Chip prices declined and were quoted in the range of RMB 8950/ton to RMB 8900/ton.

PSF prices remained unchanged in Asian markets. In the Far East Asian market, PSF prices were assessed at US$ 1505/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1405/ton. In the Chinese domestic market, PSF prices remained unchanged and were assessed in the range of RMB 9800/ton to RMB 9850/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable and were assessed at RMB 10025/ton, RMB 12000/ton, and RMB 10200/ton, respectively. In the export market, prices of POY, DTY, surged and were quoted at US$ 1400/ton and US$ 1680/ton, while FDY prices remained unchanged at US$ 1410/ton.

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Fibre2fashion News Desk - India