Home / Knowledge / News / Textiles / MEG prices continue to show upward trend in Asian markets
MEG prices continue to show upward trend in Asian markets
20
May '14
Paraxylene (PX) prices surged in Asian markets. In the S E Asian region, PX prices increased and were assessed in the range of US$ 1225/ton to US$ 1230/ton. In the F E Asian market, PX prices declined and were offered at US$ 1205/ton. Prices of PX imported from the Taiwanese market dropped and were offered in the range of US$ 1200/ton to US$ 1205/ton.
 
PTA prices increased in the Asian region. In the S E Asian market, PTA prices surged and were offered in the range of US$ 870/ton to US$ 875/ton. In the F E Asian market, PTA prices increased and were quoted at US$ 865/ton. Prices of PTA imported from the Taiwanese market declined and were offered in the range of US$ 850/ton to US$ 855/ton. In the Chinese domestic market, PTA prices inched up and were offered in the range of RMB 6125/ton to RMB 6175/ton.
 
Ethylene prices showed varied trend in Asian markets. In the S E Asian market, Ethylene prices decreased and were assessed in the range of US$ 1445/ton to US$ 1450/ton. In the F E Asian region, Ethylene prices remained steady and were quoted at US$ 1375/ton. In the US market, Ethylene prices increased and were quoted in the range of 53.50 cents/pound to 54.00 cents/pound. Ethylene prices remained steady in the European international market at US$ 1205/ton, while they declined in the domestic market to € 885/ton.
 
MEG prices continued to surge in Asian markets. In the S E Asian region, MEG prices increased and were quoted at US$ 930/ton. In the Chinese international market, MEG prices surged and were assessed in the range of US$ 925/ton to US$ 930/ton. In the Chinese domestic market, MEG prices increased and were quoted in the range of RMB 6725/ton to RMB 6775/ton.
 
In the S E Asian region, prices of BG PET Chips decreased in the range of US$ 1320/ton to US$ 1360/ton, and some deals were concluded in the range of US$ 1330/ton to US$ 1370/ton. In the F E Asian market, selling offers declined and they hovered in the range of US$ 1340/ton to US$ 1380/ton, while talked prices were quoted in the range of US$ 1350/ton to US$ 1390/ton. In the Chinese market, BG PET Chips prices increased and were offered in the range of RMB 8400/ton to RMB 8450/ton.
 
In the Korean market, FG PET Chips prices declined and were offered 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$ 1210/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 increased in the Asian region. In the F E Asian market, PSF prices were assessed at US$ 1410/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1310/ton. In the Chinese domestic market, PSF prices kept inert in the range of RMB 8675/ton to RMB 8725/ton.
 
In the Chinese domestic market, prices of Polyester POY increased to RMB 8950/ton, while DTY and FDY prices kept stable at RMB 10700/ton and RMB 9300/ton, respectively. In the export market, offers for POY rose marginally to US$ 1200/ton, while DTY and FDY prices remained stable at US$ 1435/ton and US$ 1235/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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