PTA & MEG prices fall in Chinese domestic market

15 Jul '14

3 min read

Paraxylene (PX) prices increased in Asian markets. In the S E Asian region, PX prices inched up and were quoted in the range of US$ 1405/ton to US$ 1410/ton. In the F E Asian market, PX prices went up and were offered at US$ 1390/ton. Prices of PX imported from the Taiwanese market remained steady and were assessed in the range of US$ 1375/ton to US$ 1380/ton.

PTA prices dropped in the Asian region. In the S E Asian market, PTA prices plunged and were offered in the range of US$ 995/ton to US$ 1000/ton. In the F E Asian market, PTA prices decreased and were assessed at US$ 975/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, PTA prices fell and were offered in the range of RMB 7225/ton to RMB 7275/ton.

Ethylene prices kept inert in Asian markets. In the S E Asian market, Ethylene prices remained steady and were quoted in the range of US$ 1435/ton to US$ 1440/ton. In the F E Asian region, Ethylene prices remained stable and were offered at US$ 1465/ton. In the US market, Ethylene prices surged and were assessed in the range of 62.50 cents/pound to 63.00 cents/pound. Ethylene prices remained steady in the European international as well as in domestic markets and were offered at US$ 1330/ton and € 1030/ton, respectively.

MEG prices declined marginally in Asian markets. In the S E Asian region, MEG prices decreased and were offered at US$ 985/ton. In the Chinese international market, MEG prices dipped and were quoted in the range of US$ 975/ton to US$ 980/ton. In the Chinese domestic market, MEG prices inched down and were assessed in the range of RMB 7275/ton to RMB 7325/ton.

In the S E Asian region, prices of BG PET Chips kept inert 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 remained steady 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 stayed steady and were offered in the range of RMB 9500/ton to RMB 9550/ton.

In the Korean market, FG PET Chips prices kept unchanged and were quoted 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 remained steady and were assessed in the range of RMB 9200/ton to RMB 9250/ton.

PSF prices declined in the Asian region. In the F E Asian market, PSF prices fell to US$ 1435/ton. In the S E Asian market, PSF selling prices decreased to US$ 1335/ton. In the Chinese domestic market, PSF prices plunged and were quoted in the range of RMB 9850/ton to RMB 9900/ton.

In the Chinese domestic market, prices of Polyester POY and FDY declined to RMB 9850/ton and RMB 10150/ton, while DTY prices kept steady at RMB 11550/ton. In the export market, offers for POY and FDY plunged to US$ 1340/ton and US$ 1375/ton, whereas DTY prices kept steady at US$ 1575/ton.

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Fibre2fashion News Desk - India

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