PX & PTA prices inch up in Southeast and Far East Asia

09 Apr '14

3 min read

Paraxylene (PX) prices rose in Asian markets. In the S E Asian region, PX prices increased and were offered in the range of US$ 1225/ton to US$ 1230/ton. In the F E Asian market, PX prices surged and were quoted at US$ 1210/ton. Prices of PX imported from the Taiwanese market jumped and were quoted in the range of US$ 1210/ton to US$ 1215/ton.

PTA prices increased in the Asian region. In the S E Asian market, PTA prices inched up and were quoted in the range of US$ 900/ton to US$ 905/ton. In the F E Asian market, PTA prices surged and were offered at US$ 900/ton. Prices of PTA imported from the Taiwanese market kept unchanged and were offered in the range of US$ 895/ton to US$ 900/ton. In the Chinese domestic market, PTA prices remained steady and were offered in the range of RMB 6350/ton to RMB 6400/ton.

Ethylene prices remained stable in Asian markets. In the S E Asian market, Ethylene prices remained steady and were offered in the range of US$ 1425/ton to US$ 1430/ton. In the F E Asian region, Ethylene prices kept inert and were quoted at US$ 1370/ton. In the US market, Ethylene prices declined and were quoted in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices decreased in the European international market to US$ 1180/ton and declined in domestic market to € 870/ton.

MEG prices were stable in Asian markets. In the S E Asian region, MEG prices remained steady and were quoted at US$ 945/ton. In the Chinese international market, MEG prices kept unchanged in the range of US$ 935/ton to US$ 940/ton. In the Chinese domestic market, MEG prices remained stable in the range of RMB 6700/ton to RMB 6750/ton.

In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1330/ton to US$ 1370/ton, and some deals were concluded in the range of US$ 1340/ton to US$ 1380/ton. In the F E Asian market, selling offers stayed steady in the range of US$ 1350/ton to US$ 1390/ton, while talked prices were offered between US$ 1360/ton and US$ 1400/ton. In the Chinese market, BG PET Chips prices remained steady and were assessed in the range of RMB 8825/ton to RMB 8850/ton.

In the Korean market, FG PET Chips prices remained steady and were quoted in the range of US$ 1160/ton to US$ 1200/ton. In the Indian market, FOB based prices were assessed in the range of US$ 1220/ton to US$ 1260/ton. In the Chinese market, FG PET Chips prices remained steady and were offered in the range of RMB 8225/ton to RMB 8275/ton.

PSF prices maintained steady trend in the Asian region. In the F E Asian market, PSF prices were quoted at US$ 1480/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1380/ton. In the Chinese domestic market, PSF prices were steady in the range of RMB 8825/ton to RMB 8875/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were offered at RMB 9150/ton, RMB 11050/ton and RMB 9600/ton, respectively. In the export market, offers for POY, DTY, and FDY were steady at US$ 1235/ton, US$ 1500/ton, and US$ 1290/ton, respectively.

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Fibre2fashion News Desk - India

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