PX prices continue to decline in Asian markets

23 Apr '14

3 min read

Paraxylene (PX) prices continued to show declining trend in Asian markets. In the S E Asian region, PX prices decreased and were offered in the range of US$ 1195/ton to US$ 1200/ton. In the F E Asian market, PX prices plunged and were quoted at US$ 1175/ton. Prices of PX imported from the Taiwanese market declined and were quoted in the range of US$ 1200/ton to US$ 1205/ton.

PTA prices remained steady in the Asian region. In the S E Asian market, PTA prices kept steady and were quoted in the range of US$ 885/ton to US$ 890/ton. In the F E Asian market, PTA prices remained stable and were offered at US$ 885/ton. Prices of PTA imported from the Taiwanese market kept inert and were assessed in the range of US$ 880/ton to US$ 885/ton. In the Chinese domestic market, PTA prices dropped and were offered in the range of RMB 6120/ton to RMB 6170/ton.

Ethylene prices showed mixed trend in Asian markets. In the S E Asian market, Ethylene prices declined and were quoted in the range of US$ 1455/ton to US$ 1460/ton. In the F E Asian region, Ethylene prices kept inert and were quoted at US$ 1370/ton. In the US market, Ethylene prices kept unchanged in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices remained steady in the European international as well as in domestic markets and were quoted at US$ 1170/ton and € 865/ton, respectively.

MEG prices remained stable in Asian markets. In the S E Asian region, MEG prices remained steady and were offered at US$ 925/ton. In the Chinese international market, MEG prices declined and were quoted in the range of US$ 915/ton to US$ 920/ton. In the Chinese domestic market, MEG prices dropped and were assessed in the range of RMB 6700/ton to RMB 6760/ton.

In the S E Asian region, prices of BG PET Chips kept steady in the range of US$ 1340/ton to US$ 1380/ton, and some deals were concluded in the range of US$ 1350/ton to US$ 1390/ton. In the F E Asian market, selling offers stayed stable in the range of US$ 1360/ton to US$ 1400/ton, while talked prices were offered in the range of US$ 1370/ton to US$ 1410/ton. In the Chinese market, BG PET Chips prices decreased and were offered in the range of RMB 8600/ton to RMB 8650/ton.

In the Korean market, FG PET Chips prices remained steady and were offered in the range of US$ 1170/ton to US$ 1210/ton. In the Indian market, FOB based prices were assessed in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices remained stable and were assessed in the range of RMB 8300/ton to RMB 8350/ton.

PSF prices declined in the Asian region. In the F E Asian market, PSF prices were assessed at US$ 1470/ton. In the S E Asian market, PSF selling prices were offered at US$ 1370/ton. In the Chinese domestic market, PSF prices remained steady in the range of RMB 8800/tonto RMB 8850/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were offered at RMB 9350/ton, RMB 10900/ton and RMB 9675/ton, respectively. In the export market, offers for POY, DTY, and FDY remained stable at US$ 1260/ton, US$ 1470/ton, and US$ 1295/ton, respectively.

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Fibre2fashion News Desk - India

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