Ethylene prices rise in European domestic market

06 Jan '14

3 min read

Paraxylene (PX) remained steady in Asian markets. In the S E Asian region, PX prices kept unchanged and were assessed in the range of US$ 1420/ton to US$ 1425/ton. In the F E Asian market, PX prices remained steady and were offered at US$ 1400/ton. Prices of PX imported from the Taiwanese market decreased and were offered in the range of US$ 1420/ton to US$ 1425/ton.

PTA prices stayed steady in the Asian region. In the S E Asian market, PTA prices remained steady and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the F E Asian market, PTA prices stayed stable and were assessed at US$ 1000/ton. Prices of PTA imported from the Taiwanese market declined and were assessed in the range of US$ 900/ton to US$ 995/ton. In the Chinese domestic market, PTA prices dropped and were assessed in the range of RMB 7250/ton to RMB 7300/ton.

Ethylene prices showed mixed sentiments in Asian markets. In the S E Asian market, Ethylene prices increased and were quoted in the range of US$ 1475/ton to US$ 1480/ton. In the F E Asian region, Ethylene prices were offered at US$ 1385/ton. In the US market, Ethylene prices kept steady and were assessed in the range of 58.00 cents/pound to 58.50 cents/pound. Ethylene prices surged in the European international and domestic markets and were assessed at US$ 1325/ton and € 995/ton, respectively.

MEG prices increased in Asian markets. In the S E Asian region, MEG prices surged and were assessed at US$ 1035/ton. In the Chinese international market, MEG prices decreased and were assessed in the range of US$ 1025/ton to US$ 1030/ton. In the Chinese domestic market, MEG prices remained stable in the range of RMB 7525/ton to RMB 7550/ton.

In the S E Asian region, BG PET Chip prices kept steady 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 were stable in the range of 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 remained steady and were offered at RMB 9450/ton.

In the Korean market, FG PET Chip prices remained steady and were quoted 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 increased and were quoted in the range of RMB 9050/ton to RMB 9100/ton.

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

In the Chinese domestic market, pricesof Polyester POY, DTY, and FDY were steady at RMB 9800/ton, RMB 11500/ton, and RMB 10450/ton, respectively. In the export market, offers for POY, DTY, and FDY stayed stable at US$ 1370/ton, US$ 1615/ton, and US$ 1455/ton, respectively.

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Fibre2fashion News Desk - India

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