Ethylene prices plunge in Asian markets

11 Nov '13

3 min read

Paraxylene (PX) prices followed mixed trend in Asian markets. In the Southeast Asian region, PX prices remained stable and were quoted in the range of US$ 1415/ton to US$ 1420/ton. In the Far East Asian market, PX prices were assessed at US$ 1405/ton. Prices of PX imported from the Taiwanese market increased and were quoted in the range of US$ 1435/ton to US$ 1440/ton.

PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices decreased and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Far East Asian market, PTA prices were assessed at US$ 995/ton. Prices of PTA imported from the Taiwanese market remained unchanged and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices surged and were assessed in the range of RMB 7325/ton to RMB 7375/ton.

Ethylene prices plunged in Asian markets. In the Southeast Asian market, Ethylene prices declined and were assessed in the range of US$ 1420/ton to US$ 1425/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1305/ton. In the US market, Ethylene prices rose and were quoted in the range of 52.00 cents/pound to 52.50 cents/pound. Ethylene prices decreased in the European international as well as domestic market and were offered at US$ 1235/ton and € 975/ton, respectively.

MEG prices surged in Asian markets. In the Southeast Asian region, MEG prices increased and were quoted at US$ 1045/ton. In the Chinese international market, MEG prices remained unchanged and were assessed in the range of US$ 1030/ton to US$ 1035/ton. In the Chinese domestic market, MEG prices surged and were quoted in the range of RMB 7475/ton to RMB 7525/ton.

In the Southeast Asian region, BG PET Chip prices remained unchanged in the range of US$ 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 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 surged and were quoted at RMB 9550/ton.

In the Korean market, FG PET Chip prices remained unchanged 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 remained stable and were quoted in the range of RMB 8900/ton to RMB 8950/ton.

PSF prices plunged 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 9775/ton to RMB 9825/ton.

In the Chinese domestic market, prices of Polyester POY and FDY increased at RMB 10200/ton, RMB 10225/ton, while prices of DTY remained stable at RMB 11900/ton. In the export market, prices of POY and FDY surged at US$ 1425/ton and US$ 1415/ton, while prices of DTY remained unchanged at US$ 1660/ton.

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Fibre2fashion News Desk - India

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