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PSF prices surge in Chinese domestic market

12 Nov '13
3 min read

Paraxylene (PX) prices remained stable in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were assessed in the range of US$ 1415/ton to US$ 1420/ton. In the Far East Asian market, PX prices were quoted at US$ 1405/ton. Prices of PX imported from the Taiwanese market declined and were assessed in the range of US$ 1420/ton to US$ 1425/ton.
 
PTA prices maintained a steady trend in the Asian region. In the Southeast Asian market, PTA prices remained stable and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Far East Asian market, PTA prices were quoted at US$ 995/ton. Prices of PTA imported from the Taiwanese market decreased and were assessed in the range of US$ 990/ton to US$ 995/ton. In the Chinese domestic market, PTA prices remained stable and were quoted in the range of RMB 7325/ton to RMB 7375/ton.
 
Ethylene prices remained unchanged in Asian markets. In the Southeast Asian market, Ethylene prices remained stable 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 plunged and were assessed in the range of 50.50 cents/pound to 51.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1235/ton and € 975/ton, respectively.
 
MEG prices maintained a steady trend in Asian markets. In the Southeast Asian region, MEG prices remained unchanged and were quoted at US$ 1045/ton. In the Chinese international market, MEG prices increased and were assessed in the range of US$ 1035/ton to US$ 1040/ton. In the Chinese domestic market, MEG prices remained stable 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$ 1360/ton and US$ 1390/ton. In the Chinese market, BG PET Chip prices surged and were assessed at RMB 9600/ton.
 
In the Korean market, FG PET Chip prices remained steady and were offered in the range of US$ 1200/ton to US$ 1230/ton. In the Indian market, FOB based prices declined in the range of US$ 1250/ton to US$ 1300/ton. In the Chinese market, FG PET Chip prices surged and were assessed in the range of RMB 9150/ton to RMB 9200/ton.
 
PSF prices declined in Asian markets. In the Far East Asian market, PSF prices were assessed at US$ 1500/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1400/ton. In the Chinese domestic market, PSF prices surged and were assessed in the range of RMB 9825/ton to RMB 9875/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable and were quoted at RMB 10200/ton, RMB 11900/ton, and RMB 10225/ton, respectively. In the export market, prices of POY, DTY, and FDY decreased and were assessed at US$ 1420/ton, US$ 1655/ton, and US$ 1410/ton, respectively.
 
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Fibre2fashion News Desk - India

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