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PX prices decline in Asian markets
02
Dec '13
Paraxylene (PX) prices plunged in Asian markets. In the Southeast Asian region, PX prices declined and were assessed in the range of US$ 1405/ton to US$ 1410/ton. In the Far East Asian market, PX prices decreased and were quoted at US$ 1400/ton. Prices of PX imported from the Taiwanese market surged and were assessed in the range of US$ 1415/ton to US$ 1420/ton.
 
PTA prices increased in the Asian region. In the Southeast Asian market, PTA prices surged and were assessed in the range of US$ 985/ton to US$ 990/ton. In the Far East Asian market, PTA prices were quoted at US$ 985/ton. Prices of PTA imported from the Taiwanese market surged and were assessed in the range of US$ 975/ton to US$ 980/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 followed a mixed trend in Asian markets. In the Southeast Asian market, Ethylene prices remained unchanged and were assessed in the range of US$ 1410/ton to US$ 1415/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1315/ton. In the US market, Ethylene prices remained stable and were assessed in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices maintained a steady trend in the European international market, whereas it plunged in the domestic market and were quoted at US$ 1205/ton and € 950/ton, respectively.
 
MEG prices remained stable in Asian markets. In the Southeast Asian region, MEG prices remained unchanged and were assessed at US$ 1030/ton. In the Chinese international market, MEG prices surged and were quoted in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7420/ton to RMB 7470/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 unchanged 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 9425/ton.
 
In the Korean market, FG PET chip prices maintained a steady trend and were assessed in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices remained unchanged in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET chip prices remained stable and were quoted in the range of RMB 9125/ton to RMB 9175/ton.
 
 

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