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PTA prices decline in Asian region
28
Nov '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$ 1410/ton to US$ 1415/ton. In the Far East Asian market, PX prices remained stable and were assessed at US$ 1395/ton. Prices of PX imported from the Taiwanese market surged and were quoted in the range of US$ 1410/ton to US$ 1415/ton.
 
PTA prices plunged in the Asian region. In the Southeast Asian market, PTA prices declined and were quoted in the range of US$ 975/ton to US$ 980/ton. In the Far East Asian market, PTA prices were assessed at US$ 975/ton. Prices of PTA imported from the Taiwanese market decreased and were quoted in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, PTA prices maintained a steady trend and were assessed in the range of RMB 7200/ton to RMB 7250/ton.
 
Ethylene prices remained stable in Asian markets. In the Southeast Asian market, Ethylene prices maintained a steady trend 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 remained unchanged and were quoted in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were assessed at US$ 1205/ton and € 970/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$ 1025/ton. In the Chinese international market, MEG prices increased and were assessed in the range of US$ 1015/ton to US$ 1020/ton. In the Chinese domestic market, MEG prices surged and were quoted in the range of RMB 7400/ton to RMB 7450/ton.
 
In the Southeast Asian region, BG PET chip prices remained stable in the range of US$ US$ 1340/ton to US$ 1380/ton, and some deals were discussed in the range of US$ 1330/ton to US$ 1370/ton. In the Far East Asian market, selling offers maintained a steady trend at US$ 1360/ton to US$ 1390/ton, while talked prices were quoted between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET chip prices plunged and were assessed at RMB 9475/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 declined and were assessed in the range of RMB 9125/ton to RMB 9175/ton.
 
 


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