MEG prices drop marginally in Southeast Asian market

01 Jul '14

3 min read

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$ 1480/ton to US$ 1485/ton. In the F E Asian market, PX prices surged and were offered at US$ 1465/ton. Prices of PX imported from the Taiwanese market increased and were quoted in the range of US$ 1475/ton to US$ 1480/ton.

PTA prices increased in the Asian region. In the S E Asian market, PTA prices rose and were assessed in the range of US$ 1020/ton to US$ 1025/ton. In the F E Asian market, PTA prices moved up and were quoted at US$ 1000/ton. Prices of PTA imported from the Taiwanese market kept steady and were assessed in the range of US$ 970/ton to US$ 975/ton. In the Chinese domestic market, PTA prices surged and were quoted in the range of RMB 7600/ton to RMB 7650/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$ 1445/ton to US$ 1450/ton. In the F E Asian region, Ethylene prices kept steady and were offered at US$ 1410/ton. In the US market, Ethylene prices remained stable and were assessed in the range of 55.00 cents/pound to 55.50 cents/pound. Ethylene prices stayed steady in the European international as well as in domestic markets and were quoted at US$ 1320/ton and € 1060/ton, respectively.

MEG prices declined marginally in Asian markets. In the S E Asian region, MEG prices dropped and were offered at US$ 1020/ton. In the Chinese international market, MEG prices remained steady and were assessed in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, MEG prices kept unchanged in the range of RMB 7400/ton to RMB 7450/ton.

In the S E Asian region, prices of BG PET Chips kept steady in the range of US$ 1365/ton to US$ 1405/ton, and some deals were concluded in the range of US$ 1375/ton to US$ 1415/ton. In the F E Asian market, selling offers remained steady at US$ 1380/ton to US$ 1420/ton, while talked prices were quoted in the range of US$ 1390/ton to US$ 1430/ton. In the Chinese market, BG PET Chips prices increased and were assessed in the range of RMB 9700/ton to RMB 9750/ton.

In the Korean market, FG PET Chips prices remained steady and were quoted in the range of US$ 1210/ton to US$ 1220/ton. In the Indian market, FOB based prices were in the range of US$ 1240/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices remained stable and were offered in the range of RMB 9400/ton to RMB 9450/ton.

PSF prices stayed steady in the Asian region. In the F E Asian market, PSF prices remained steady at US$ 1410/ton. In the S E Asian market, PSF selling prices kept unchanged at US$ 1310/ton. In the Chinese domestic market, PSF prices remained unchanged and were offered in the range of RMB 10025/ton to RMB 10075/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were offered at RMB 10600/ton, RMB 11700/ton and RMB 10650/ton, respectively. In the export market, offers for POY, DTY, and FDY increased to US$ 1460/ton, US$ 1595/ton, and US$ 1445/ton, respectively.

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Fibre2fashion News Desk - India

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