MEG prices surge in Asian markets

10 Dec '13

3 min read

Paraxylene (PX) prices remained stable in Asian markets. In the S E Asian region, PX prices remained unchanged and were assessed in the range of US$ 1420/ton to US$ 1425/ton. In the F E Asian market, PX prices remained stable and were quoted at US$ 1415/ton. Prices of PX imported from the Taiwanese market remained unchanged and were assessed in the range of US$ 1430/ton to US$ 1435/ton.

PTA prices increased in the Asian region. In the S E Asian market, PTA prices surged and were assessed in the range of US$ 1000/ton to US$ 1005/ton. In the F E Asian market, PTA prices were quoted at US$ 1000/ton. Prices of PTA imported from the Taiwanese market remained unchanged and were assessed in the range of US$ 990/ton to US$ 995/ton. In the Chinese domestic market, PTA prices jumped and were quoted in the range of RMB 7350/ton to RMB 7400/ton.

Ethylene prices remained stable in Asian markets. In the S E Asian market, Ethylene prices were assessed in the range of US$ 1405/ton to US$ 1410/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1330/ton. In the US market, Ethylene prices surged and were quoted in the range of 57.00 cents/pound to 57.50 cents/pound. Ethylene prices remained unchanged in the European international as well as domestic market and were assessed at US$ 1250/ton and € 950/ton, respectively.

MEG prices increased in Asian markets. In the S E Asian region, MEG prices jumped and were quoted at US$ 1075/ton. In the Chinese international market, MEG prices remained unchanged and were assessed in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, MEG prices increased and were quoted in the range of RMB 7850/ton to RMB 7900/ton.

In the S E Asian region, BG PET chip prices remained unchanged in the range of US$ 1330/ton to US$ 1370/ton, and some deals were discussed at US$ 1320/ton to US$ 1360/ton. In the F E Asian market, selling offers remained unchanged at US$ 1350/ton to US$ 1380/ton, while talked prices were quoted US$ 1340/ton and US$ 1370/ton. In the Chinese market, BG PET chip prices maintained a steady trend and were quoted at RMB 9525/ton.

In the Korean market, FG PET chip prices remained stable and were assessed in the range of US$ 1170/ton to US$ 1200/ton. In the Indian market, FOB based prices remained unchanged in the range of US$ 1220/ton to US$ 1270/ton. In the Chinese market, FG PET chip prices remained stable and were assessed in the range of RMB 9050/ton to RMB 9100/ton.

PSF prices remained unchanged in Asian markets. In the F E Asian market, PSF prices were quoted at US$1510/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1410/ton. In the Chinese domestic market, PSF prices remained stable and quoted in the range of RMB 9900/ton to RMB 9950/ton.

In the Chinese domestic market, prices of Polyester POY and FDY increased at RMB 10050/ton, RMB 10175/ton, while DTY prices remained stable at RMB 11700/ton. In the export market, prices of POY and FDY surged at US$ 1405/ton and US$ 1410/ton, while DTY prices remained unchanged at US$ 1635/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...