PX & Ethylene prices move up in F E Asian markets

14 Jul '14

3 min read

Paraxylene (PX) prices increased in Asian markets. In the S E Asian region, PX prices increased and were offered in the range of US$ 1395/ton to US$ 1400/ton. In the F E Asian market, PX prices surged and were assessed at US$ 1375/ton. Prices of PX imported from the Taiwanese market rose and were quoted in the range of US$ 1375/ton to US$ 1380/ton.

PTA prices kept steady in the Asian region. In the S E Asian market, PTA prices remained steady and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the F E Asian market, PTA prices kept unchanged and were quoted at US$ 980/ton. Prices of PTA imported from the Taiwanese market dropped and were assessed in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, PTA prices remained stable and were quoted in the range of RMB 7350/ton to RMB 7400/ton.

Ethylene prices increased in Asian markets. In the S E Asian market, Ethylene prices surged and were offered in the range of US$ 1435/ton to US$ 1440/ton. In the F E Asian region, Ethylene prices increased and were assessed at US$ 1465/ton. In the US market, Ethylene prices inched up and were offered in the range of 59.50 cents/pound to 60.00 cents/pound. Ethylene prices increased in the European international market to US$ 1330/ton, while they decreased in domestic markets to € 1030/ton.

MEG prices stayed steady in Asian markets. In the S E Asian region, MEG prices remained steady and were quoted at US$ 990/ton. In the Chinese international market, MEG prices remained stable and were quoted in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, MEG prices remained stable in the range of RMB 7350/ton to RMB 7400/ton.

In the S E Asian region, prices of BG PET Chips increased in the range of US$ 1375/ton to US$ 1415/ton, and some deals were concluded in the range of US$ 1385/ton to US$ 1425/ton. In the F E Asian market, selling offers increased and were assessed in the range of US$ 1395/ton to US$ 1435/ton, while talked prices were quoted in the range of US$ 1405/ton to US$ 1445/ton. In the Chinese market, BG PET Chips prices remained steady and were offered in the range of RMB 9500/ton to RMB 9550/ton.

In the Korean market, FG PET Chips prices increased and were offered in the range of US$ 1225/ton to US$ 1235/ton. In the Indian market, FOB based prices were in the range of US$ 1255/ton to US$ 1285/ton. In the Chinese market, FG PET Chips prices kept steady and were assessed in the range of RMB 9200/ton to RMB 9250/ton.

PSF prices kept inert in the Asian region. In the F E Asian market, PSF prices remained steady at US$ 1460/ton. In the S E Asian market, PSF selling prices remained stable at US$ 1360/ton. In the Chinese domestic market, PSF prices kept stable and were assessed in the range of RMB 10050/ton to RMB 10100/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY declined to RMB 9900/ton, RMB 11550/ton and RMB 10350/ton, respectively. In the export market, offers for POY, DTY and FDY dropped to US$ 1350/ton, US$ 1575/ton and US$ 1405/ton, respectively.

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Fibre2fashion News Desk - India

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