PTA prices surge in Asian region

02 Jan '14

3 min read

Paraxylene (PX) maintained a steady trend in Asian markets. In the S E Asian region, PX prices remained stable and were quoted in the range of US$ 1425/ton to US$ 1430/ton. In the F E Asian market, PX prices remained unchanged and were assessed at US$ 1405/ton. Prices of PX imported from the Taiwanese market remained stable and were quoted 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 quoted in the range of US$ 1005/ton to US$ 1010/ton. In the F E Asian market, PTA prices and were quoted at US$ 1010/ton. Prices of PTA imported from the Taiwanese market remained unchanged and were assessed in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices went down and were quoted in the range of RMB 7325/ton to RMB 7375/ton.

Ethylene prices showed a mixed trend in Asian market. In the S E Asian market, Ethylene prices increased and were offered in the range of US$ 1465/ton to US$ 1470/ton. In the F E Asian region, Ethylene prices were assessed at US$ 1385/ton. In the US market, Ethylene prices increased and were quoted in the range of 59.00 cents/pound to 59.50 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were assessed at US$ 1260/ton and € 980/ton, respectively.

MEG prices declined in Asian markets. In the S E Asian region, MEG prices plunged and were quoted at US$ 1030/ton. In the Chinese international market, MEG prices remained unchanged and were quoted in the range of US$ 1030/ton to US$ 1035/ton. In the Chinese domestic market, MEG prices decreased and were assessed in the range of RMB 7525/ton to RMB 7550/ton.

In the S E 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 F E 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 remained stable and were quoted 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 were quoted in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET Chip prices remained unchanged and were quoted in the range of RMB 9025/ton to RMB 9075/ton.

PSF prices remained unchanged in Asian markets. In the F E Asian market, PSF prices were assessed at US$1515/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1415/ton. In the Chinese domestic market, PSF prices remained unchanged and were assessed in the range of RMB 9825/ton to RMB 9875/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices maintained a steady trend and were quoted at RMB 9900/ton, RMB 11500/ton and RMB 10450/ton, respectively. In export market, prices of POY, DTY and FDY remained unchanged and were assessed at US$ 1385/ton, US$ 1615/ton and US$ 1455/ton, respectively.

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Fibre2fashion News Desk - India

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