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Ethylene prices surge in US market
24
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$ 1265/ton to US$ 1270/ton. In the F E Asian market, PX prices plunged and were assessed at US$ 1245/ton. Prices of PX imported from the Taiwanese market declined and were quoted in the range of US$ 1290/ton to US$ 1295/ton.
 
PTA prices decreased in Asian market. In the S E Asian market, PTA prices declined and were quoted in the range of US$ 920/ton to US$ 925/ton. In the F E Asian market, PTA price decreased and were assessed at US$ 920/ton. Prices of PTA imported from the Taiwanese market fell and were quoted in the range of US$ 920/ton to US$ 925/ton. In the Chinese domestic market, PTA prices remained unchanged 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 remained unchanged and were quoted in the range off US$ 1395/ton to US$ 1400/ton. In the F E Asian region, Ethylene prices increased and were assessed at US$ 1410/ton. In the US market, Ethylene prices surged and were quoted in the range of 53.00 cents/pound to 53.50 cents/pound. Ethylene prices jumped in the European international as well as domestic market and were assessed at US$ 1265/ton and € 950/ton, respectively.
 
MEG prices declined in Asian markets. In the S E Asian region, MEG price plunged and were quoted at US$ 935/ton. In the Chinese international market, MEG prices decreased and were assessed in the range of US$ 930/ton to US$ 935/ton. In the Chinese domestic market, MEG prices remained unchanged and were quoted in the range of RMB 6700/ton to RMB 6750/ton.
 
In the S E Asian region, BG PET Chips remained stable 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 8450/ton to RMB 8500/ton.
 
 In the Korean market, FG PET Chips prices remained unchanged and were quoted in the range of US$ 1130/ton to US$ 1160/ton. In the Indian market, FOB based prices were assessed in the range of US$ 1190/ton to US$ 1240/ton. In the Chinese market, FG PET Chips prices remained unchanged and were quoted in the range of RMB 8400/ton to RMB 8450/ton.
 
PSF prices remained unchanged in Asian markets. In the F E Asian market, PSF prices were assessed at US$ 1510/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1410/ton. In the Chinese domestic market, PSF prices remained stable and were assessed in the range of RMB 9300/ton to RMB 9350/ton.
 
In Chinese domestic market, Polyester POY, DTY and FDY prices plunged and were quoted at RMB 9325/ton, RMB 11200/ton and RMB 9700/ton, respectively. In the export market, prices of POY, DTY, and FDY declined and were assessed at US$ 1290/ton, US$ 1555/ton, and US$ 1330/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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