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PTA prices plunge in Asian markets
19
Feb '14
Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices decreased and were quoted in the range of US$ 1305/ton to US$ 1310/ton. In the F E Asian market, PX prices plunged and were assessed at US$ 1280/ton. Prices of PX imported from the Taiwanese market surged and were quoted in the range of US$ 1310/ton to US$ 1315/ton.
 
PTA prices declined in Asian markets. In the S E Asian market, PTA prices plunged and were quoted in the range of US$ 945/ton to US$ 950/ton. In the F E Asian market, PTA prices declined and were assessed at US$ 945/ton. Prices of PTA imported from the Taiwanese market remained unchanged and were quoted in the range of US$ 945/ton to US$ 950/ton. In the Chinese domestic market, PTA prices decreased and were assessed in the range of RMB 6540/ton to RMB 6580/ton.
 
Ethylene prices followed a mixed trend in Asian markets. In the S E Asian market, Ethylene prices increased and were assessed in the range off US$ 1395/ton to US$ 1400/ton. In the F E Asian region, Ethylene prices remained unchanged and were quoted at US$ 1400/ton. In the US market, Ethylene prices declined and were quoted in the range of 49.50 cents/pound to 50.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1215/ton and € 940/ton, respectively.
 
MEG prices increased in Asian markets. In the S E Asian region, MEG prices jumped and were quoted at US$ 965/ton. In the Chinese international market, MEG prices remained unchanged and were assessed in the range of US$ 940/ton to US$ 945/ton. In the Chinese domestic market, MEG prices surged and were quoted in the range of RMB 6875/ton to RMB 6925/ton.
 
In the S E Asian region, BG PET Chips prices fell and were assessed in the range of US$ 1300/ton to US$ 1340/ton, and some deals were discussed in the range of US$ 1310/ton to US$ 1350/ton. In the F E Asian market, selling offers were quoted at US$ US$ 1320/ton to US$ 1360/ton, while talked prices were between US$ 1310/ton to US$ 1350/ton. In the Chinese market, BG PET Chips prices declined and were assessed in the range of RMB 8550/ton to RMB 8600/ton.
 
In the Korean market, FG PET Chips prices decreased and were assessed in the range of US$ 1130/ton to US$ 1160/ton. In the Indian market, FOB based prices were quoted in the range of US$ 1190/ton to US$ 1240/ton. In the Chinese market, FG PET Chips prices declined and were assessed in the range of RMB 8500/ton to RMB 8550/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 stable and were assessed in the range of RMB 9475/ton to RMB 9500/ton.
 
In the Chinese domestic market, prices of Polyester POY and DTY remained stable and were quoted at RMB 9400/ton, RMB 11300/ton while FDY prices declined and were assessed at RMB 10000/ton. In the export market, prices of POY and DTY decreased and were quoted at US$ 1305/ton and US$ 1575/ton, while FDY prices plunged and were assessed at US$ 1385/ton.    
 
Click here to view and compare daily price trends.
 
 

Fibre2fashion News Desk - India

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