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PX. PTA & MEG prices decline in Asian markets
07
Jan '14
Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices plunged and were quoted in the range of US$ 1415/ton to US$ 1420/ton. In the F E Asian market, PX prices decreased and were assessed at US$ 1395/ton. Prices of PX imported from the Taiwanese market remained steady and were quoted in the range of US$ 1420/ton to US$ 1425/ton.
 
PTA prices dropped in the Asian region. In the S E Asian market, PTA prices decreased and were assessed in the range of US$ 995/ton to US$ 1000/ton. In the F E Asian market, PTA prices plunged and were quoted at US$ 995/ton. Prices of PTA imported from the Taiwanese market increased and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices declined and were assessed in the range of RMB 7200/ton to RMB 7250/ton.
 
Ethylene prices remained steady in Asian markets. In the S E Asian market, Ethylene prices kept unchanged in the range of US$ 1475/ton to US$ 1480/ton. In the F E Asian region, Ethylene prices were assessed at US$ 1385/ton. In the US market, Ethylene prices kept steady and were assessed in the range of 57.00 cents/pound to 57.50 cents/pound. Ethylene prices were stable in European international and domestic markets and were assessed at US$ 1325/ton and € 995/ton, respectively.
 
MEG prices declined in Asian markets. In the S E Asian region, MEG prices fell and were offered at US$ 1030/ton. In the Chinese international market, MEG prices dropped and were assessed in the range of US$ 1025/ton to US$ 1030/ton. In the Chinese domestic market, MEG prices remained stable and were quoted in the range of RMB 7525/ton to RMB 7550/ton.
 
In the S E Asian region, BG PET Chip prices stayed 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 kept steady 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 maintained steady trend in Asian markets. In the F E Asian market, PSF prices were quoted at US$1515/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1415/ton. In the Chinese domestic market, PSF prices declined and were assessed in the range of RMB 9800/ton to RMB 9850/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY, and FDY were stable at RMB 9800/ton, RMB 11500/ton, and RMB 10450/ton, respectively. In the export market, offers for POY, DTY, and FDY remained steady at US$ 1370/ton, US$ 1615/ton, and US$ 1455/ton, respectively.
 
Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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