PX, PTA & MEG prices decline in Asian markets

22 Jan '14

3 min read

Paraxylene (PX) prices decreased in Asian markets. In the S E Asian region, PX prices declined and were assessed in the range of US$ 1310/ton to US$ 1315/ton. In the F E Asian market, PX prices fell and were quoted at US$ 1290/ton. Price of PX imported from the Taiwanese market plunged and were assessed in the range of US$ 1330/ton to US$ 1335/ton.

PTA prices declined in the Asian region. In the S E Asian market, PTA prices dropped and were quoted in the range of US$ 955/ton to US$ 960/ton. In the F E Asian market, PTA prices plunged and were quoted at US$ 955/ton. Prices of PTA imported from the Taiwanese market increased and were assessed in the range of US$ 960/ton to US$ 965/ton. In the Chinese domestic market, PTA prices declined and were assessed in the range of RMB 6975/ton to RMB 7025/ton.

Ethylene prices remained steady in the Asian region. In the S E Asian market, Ethylene prices remained steady in the range of US$ 1475/ton to US$ 1480/ton. In the F E Asian region, Ethylene prices remained stable at US$ 1475/ton. In the US market, Ethylene prices remained steady and were assessed in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices remained steady in European international as well as in domestic markets and were offered at US$ 1325/ton and € 980/ton, respectively.

MEG prices decreased in Asian markets. In the S E Asian region, MEG price fell and was assessed at US$ 1015/ton. In the Chinese international market, MEG prices increased and were quoted in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, MEG prices declined and were quoted in the range of RMB 7275/ton to RMB 7325/ton.

In the S E Asian region, BG PET Chips prices remained steady in the range of US$ 1360/ton to US$ 1400/ton, and some deals were discussed in the range of US$ 1350/ton to US$ 1370/ton. In the F E Asian market, selling offers were steady in the range of US$ 1360/ton to US$ 1390/ton, while talked prices were quoted between US$ 1340/ton and US$ 1370/ton. In the Chinese market, BG PET Chips prices decreased and were assessed at RMB 9050/ton.

In the Korean market, FG PET Chips prices remained steady and were assessed 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 Chips prices were stable and were quoted in the range of RMB 9000/ton to RMB 9050/ton.

PSF prices kept unchanged in the Asian region. 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 were stable in the range of RMB 9650/ton to RMB 9700/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were quoted at RMB 9600/ton, RMB 11450/ton and RMB 10250/ton, respectively. In the export market, offers for POY, DTY, and FDY increased to US$ 1340/ton, US$ 1605/ton, and US$ 1430/ton, respectively.

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Fibre2fashion News Desk - India

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