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BG PET chip prices plunge in Chinese market
29
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 maintained a steady trend in the range of US$ 1410/ton to US$ 1415/ton.
 
PTA prices surged in the Asian region. In the Southeast Asian market, PTA prices increased and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Far East Asian market, PTA prices were assessed at US$ 980/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 970/ton to US$ 975/ton. In the Chinese domestic market, PTA prices remained unchanged and were quoted in the range of RMB 7200/ton to RMB 7250/ton.
 
Ethylene prices maintained a steady trend in Asian market. In the Southeast Asian market, Ethylene prices remained stable 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 stable and were quoted in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices remained unchanged in the European international as well as domestic market and were quoted at US$ 1205/ton and € 970/ton, respectively.
 
MEG prices increased in Asian markets. In the Southeast Asian region, MEG prices surged and were quoted at US$ 1030/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 remained unchanged in the range of RMB 7375/ton to RMB 7425/ton.
 
In the Southeast Asian region, BG PET chip prices maintained a steady trend in the range of 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 remained stable in the range of 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 decreased and were assessed at RMB 9475/ton.
 
In the Korean market, FG PET chip prices remained unchanged and were assessed 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 in the range of RMB 9125/ton to RMB 9175/ton.
 
PSF prices remained stable 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 maintained a steady trend and were quoted in the range of RMB 9725/ton to RMB 9775/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained unchanged and were assessed at RMB 9950/ton, RMB 11700/ton, and RMB 10075/ton, respectively. In the export market, prices of POY, DTY, and FDY remained stable at US$ 1385/ton, US$ 1630/ton, and US$ 1390/ton, respectively. 
 
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Fibre2fashion News Desk - India

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