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MEG prices drop marginally in Asian markets
22
Jul '14
Paraxylene (PX) prices increased in Asian markets. In the S E Asian region, PX prices inched up and were offered in the range of US$ 1490/ton to US$ 1495/ton. In the F E Asian market, PX prices surged and were quoted at US$ 1470/ton. Prices of PX imported from the Taiwanese market kept inert and were offered in the range of US$ 1445/ton to US$ 1450/ton.
 
PTA prices kept inert in the Asian region. In the S E Asian market, PTA prices remained stable and were offered in the range of US$ 1010/ton to US$ 1015/ton. In the F E Asian market, PTA prices remained unchanged and were assessed at US$ 990/ton. Prices of PTA imported from the Taiwanese market increased and were offered in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, PTA prices kept inert and were quoted in the range of RMB 7400/ton to RMB 7450/ton.
 
Ethylene prices maintained steady trend in Asian markets. In the S E Asian market, Ethylene prices kept inert and were offered in the range of US$ 1440/ton to US$ 1445/ton. In the F E Asian region, Ethylene prices kept steady and were offered at US$ 1470/ton. In the US market, Ethylene prices remained stable and were quoted in the range of 61.50 cents/pound to 62.00 cents/pound. Ethylene prices kept unchanged in the European international as well as in domestic markets and were assessed at US$ 1330/ton and € 1015/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 moved up and were assessed in the range of US$ 990/ton to US$ 995/ton. In the Chinese domestic market, MEG prices remained stable in the range of RMB 7450/ton to RMB 7500/ton.
 
In the S E Asian region, prices of BG PET Chips remained stable 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 kept stable in the range of US$ 1395/ton to US$ 1435/ton, while talked prices were assessed in the range of US$ 1405/ton to US$ 1445/ton. In the Chinese market, BG PET Chips prices remained stable and were quoted in the range of RMB 9350/ton to RMB 9400/ton.
 
In the Korean market, FG PET Chips prices remained unaltered 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 offered in the range of RMB 9150/ton to RMB 9200/ton.
 
PSF prices kept stable in the Asian region. In the F E Asian market, PSF prices remained stable at US$ 1420/ton. In the S E Asian market, PSF selling prices kept steady at US$ 1320/ton. In the Chinese domestic market, PSF prices stayed steady and were quoted in the range of RMB 9800/ton to RMB 9850/ton.
 
In the Chinese domestic market, prices of Polyester POY and DTY remained steady and were quoted at RMB 9950/ton and RMB 11400/ton, respectively, while FDY prices increased to RMB 10250/ton. In the export market, offers for POY and DTY kept steady at US$ 1355/ton and US$ 1550/ton, respectively, while FDY prices surged to US$ 1385/ton.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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