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Ethylene prices surge in US market
25
Oct '13
Paraxylene (PX) prices maintained a steady trend in Asian markets. In the Southeast Asian region, PX prices remained unchanged 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 remained stable and were quoted in the range of US$ 1405/ton to US$ 1410/ton.

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

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