Home / Knowledge / News / Textiles / MEG prices drop marginally in Southeast Asian market
MEG prices drop marginally in Southeast Asian market
01
Jul '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$ 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.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


Must ReadView All

Decision in UK budget to attract investment in retail: BRC

Textiles | On 24th Nov 2017

Decision in UK budget to attract investment in retail: BRC

British finance minister Philip Hammond’s announcement in his budget...

Courtesy: Shangdong Ruyi

Textiles | On 24th Nov 2017

Shangdong Ruyi to acquire major stake in Bagir

Shangdong Ruyi Technology Group Ltd, one of the leading Asian global...

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Apparel/Garments | On 24th Nov 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search