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MEG prices dip in Chinese domestic market
21
Nov '13
Paraxylene (PX) prices increased in Asian markets. In the Southeast Asian region, PX prices surged and were quoted in the range of US$ 1395/ton to US$ 1400/ton. In the Far East Asian market, PX prices jumped and were assessed at US$ 1390/ton. Prices of PX imported from the Taiwanese market remained stable and were quoted in the range of US$ 1400/ton to US$ 1405/ton.
 
PTA prices maintained a steady trend in the Asian region. In the Southeast Asian market, PTA prices remained unchanged and were quoted in the range of US$ 990/ton to US$ 995/ton. In the Far East Asian market, PTA prices were assessed at US$ 990/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, PTA prices remained stable and were assessed in the range of RMB 7250/ton to RMB 7300/ton.
 
Ethylene prices maintained a steady trend in Asian markets. In the Southeast Asian market, Ethylene prices remained unchanged and were quoted in the range of US$ 1410/ton to US$ 1415/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1300/ton. In the US market, Ethylene prices increased and were assessed in the range of 55.00 cents/pound to 55.50 cents/pound. Ethylene prices remained unchanged in the European international market, whereas it surged in the European domestic market and were assessed at US$ 1225/ton and € 985/ton, respectively.
 
MEG prices remained stable in Asian markets. In the Southeast Asian region, MEG prices maintained a steady trend and were quoted at US$ 1025/ton. In the Chinese international market, MEG prices declined and were assessed in the range of US$ 1015/ton to US$ 1020/ton. In the Chinese domestic market, MEG prices decreased and were quoted in the range of RMB 7325/ton to RMB 7375/ton.
 
In the Southeast Asian region, BG PET chip prices remained steady in the range of US$ US$ 1340/ton to US$ 1380/ton, and some deals were discussed at around US$ 1330/ton to US$ 1370/ton. In the Far East Asian market, selling offers remained stable at US$ 1360/ton to US$ 1390/ton, while talked prices were between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET chip prices declined and were quoted at RMB 9575/ton.
 
In the Korean market, FG PET chip prices remained unchanged and were quoted in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices remained stable in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET chip prices remained unchanged and were assessed in the range of RMB 9225/ton to RMB 9275/ton.
 
 


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