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MEG prices move up in Chinese international market
26
Mar '14
Paraxylene (PX) prices went up in Asian markets. In the S E Asian region, PX prices increased and were quoted in the range of US$ 1195/ton to US$ 1200/ton. In the F E Asian market, PX prices surged and were assessed at US$ 1180/ton. Prices of PX imported from the Taiwanese market rose and were quoted in the range of US$ 1175/ton to US$ 1180/ton.
 
PTA prices remained steady in the Asian region. In the S E Asian market, PTA prices kept unchanged and were quoted in the range of US$ 885/ton to US$ 890/ton. In the F E Asian market, PTA prices remained steady and were assessed at US$ 885/ton. Prices of PTA imported from the Taiwanese market increased and were quoted in the range of US$ 880/ton to US$ 885/ton. In the Chinese domestic market, PTA prices remained stable and were assessed in the range of RMB 6200/ton to RMB 6250/ton.
 
Ethylene prices kept inert in Asian markets. In the S E Asian market, Ethylene prices remained steady and were assessed in the range of US$ 1435/ton to US$ 1440/ton. In the F E Asian region, Ethylene prices remained stable and were quoted at US$ 1395/ton. In the US market, Ethylene prices stayed steady and were quoted in the range of 51.50 cents/pound to 52.00 cents/pound. Ethylene prices remained unchanged in European international as well as domestic markets and were assessed at US$ 1220/ton and € 910/ton, respectively.
 
MEG prices increased in Asian markets. In the S E Asian region, MEG prices inched up and were quoted at US$ 950/ton. In the Chinese international market, MEG prices moved up and were quoted in the range of US$ 930/ton to US$ 935/ton. In the Chinese domestic market, MEG prices were stable in the range of RMB 6600/ton to RMB 6650/ton.
 
In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1310/ton to US$ 1350/ton, and some deals were assessed in the range of US$ 1320/ton to US$ 1360/ton. In the F E Asian market, selling offers stayed stable in the range of US$ 1330/ton to US$ 1370/ton, while talked prices were assessed between US$ 1340/ton and US$ 1380/ton. In the Chinese market, BG PET Chips prices increased and were quoted in the range of RMB 8650/ton to RMB 8700/ton.
 
In the Korean market, FG PET Chips prices were stable in the range of US$ 1140/ton to US$ 1180/ton. In the Indian market, FOB based prices were quoted in the range of US$ 1200/ton to US$ 1240/ton. In the Chinese market, FG PET Chips prices kept steady and were assessed in the range of RMB 7900/ton to RMB 7950/ton.
 
PSF prices maintained steady trend in the Asian region. In the F E Asian market, PSF prices were assessed at US$ 1475/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1375/ton. In the Chinese domestic market, PSF prices kept unchanged in the range of RMB 8600/ton to RMB 8675/ton.
 
In the Chinese domestic market, prices of Polyester POY and FDY increased to RMB 8875/ton and RMB 9450/ton, while DTY prices stayed stable at RMB 10800/ton. In the export market, offers for POY and FDY increased to US$ 1190/ton and US$ 1260/ton, while DTY prices remained steady at US$ 1455/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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