Ethylene prices plunge in US market

09 Jan '14

3 min read

Paraxylene (PX) decreased in Asian markets. In the S E Asian region, PX prices plunged and were quoted in the range of US$ 1405/ton to US$ 1410/ton. In the F E Asian market, PX prices declined and were assessed at US$ 1385/ton. Prices of PX imported from the Taiwanese market remained stable and were quoted in the range of US$ 1415/ton to US$ 1420/ton.

PTA prices maintained a steady trend in the Asian region. In the S E Asian market, PTA prices remained stable and were quoted in the range of US$ 985/ton to US$ 990/ton. In the F E Asian market, PTA prices remained unchanged and were assessed at US$ 985/ton. Prices of PTA imported from the Taiwanese market plunged and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, PTA prices declined and were quoted in the range of RMB 6975/ton to RMB 7025/ton.

Ethylene prices showed a mixed trend in Asian market. In the S E Asian market, Ethylene prices increased and were quoted in the range of US$ 1495/ton to US$ 1500/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1385/ton. In the US market, Ethylene prices plunged and were assessed in the range of 55.50 cents/pound to 56.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1325/ton and € 995/ton, respectively.

MEG prices declined in Asian markets. In the S E Asian region, MEG price plunged and were quoted at US$ 995/ton. In the Chinese international market, MEG prices decreased and were assessed in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices remained stable and were assessed in the range of RMB 7325/ton to RMB 7350/ton.

In the S E Asian region, BG PET Chip prices remained unchanged 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 stable 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 unchanged and were quoted at RMB 9425/ton.

In the Korean market, FG PET Chip prices remained stable and were quoted in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices were assessed 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 9050/ton to RMB 9100/ton.

PSF prices maintained a steady trend 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 9800/ton to RMB 9850/ton.

In the Chinese domestic market, prices of Polyester POY and DTY remained stable at RMB 9750/ton and RMB 11500/ton, respectively, while FDY prices plunged at RMB 10400/ton. In the export market, prices of POY remained stable at US$ 1365/ton, while DTY and FDY prices plunged and were quoted at US$ 1610/ton and US$ 1450/ton, respectively.

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Fibre2fashion News Desk - India

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