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MEG prices decline in Chinese markets
24
Jul '14
Paraxylene (PX) prices went down in Asian markets. In the S E Asian region, PX prices fell and were offered in the range of US$ 1475/ton to US$ 1480/ton. In the F E Asian market, PX prices declined and were assessed at US$ 1460/ton. Prices of PX imported from the Taiwanese market surged and were quoted in the range of US$ 1500/ton to US$ 1505/ton.
 
PTA prices kept inert in the Asian region. In the S E Asian market, PTA prices remained steady and were quoted in the range of US$ 1020/ton to US$ 1025/ton. In the F E Asian market, PTA prices remained stable and were assessed at US$ 1000/ton. Prices of PTA imported from the Taiwanese market remained steady and were offered in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, PTA prices increased and were offered in the range of RMB 7450/ton to RMB 7500/ton.
 
Ethylene prices remained steady in Asian markets. In the S E Asian market, Ethylene prices kept unchanged and were quoted in the range of US$ 1445/ton to US$ 1450/ton. In the F E Asian region, Ethylene prices kept inert and were assessed at US$ 1470/ton. In the US market, Ethylene prices kept stable and were offered in the range of 62.50 cents/pound to 63.00 cents/pound. Ethylene prices remained stable in the European international as well as in domestic markets and were assessed at US$ 1330/ton and € 1015/ton, respectively.
 
MEG prices kept inert in Asian markets. In the S E Asian region, MEG prices remained steady and were offered at US$ 990/ton. In the Chinese international market, MEG prices decreased and were quoted in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, MEG prices declined and were assessed in the range of RMB 7400/ton to RMB 7450/ton.
 
In the S E Asian region, prices of BG PET Chips stayed steady in the range of US$ 1370/ton to US$ 1410/ton, and some deals were concluded in the range of US$ 1380/ton to US$ 1420/ton. In the F E Asian market, selling offers remained steady in the range of US$ 1390/ton to US$ 1430/ton, while talked prices were quoted in the range of US$ 1400/ton to US$ 1440/ton. In the Chinese market, BG PET Chips prices increased and were offered in the range of RMB 9500/ton to RMB 9550/ton.
 
In the Korean market, FG PET Chips prices kept inert and were quoted in the range of US$ 1220/ton to US$ 1230/ton. In the Indian market, FOB based prices were in the range of US$ 1250/ton to US$ 1280/ton. In the Chinese market, FG PET Chips prices kept unaltered and were assessed in the range of RMB 9150/ton to RMB 9200/ton.
 
PSF prices remained steady in the Asian region. In the F E Asian market, PSF prices kept stable at US$ 1420/ton. In the S E Asian market, PSF selling prices remained stable at US$ 1320/ton. In the Chinese domestic market, PSF prices kept steady and were quoted in the range of RMB 9800/ton to RMB 9850/ton.
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were quoted at RMB 9950/ton, RMB 11400/ton and RMB 10300/ton, respectively. In the export market, offers for POY, DTY and FDY remained steady at US$ 1355/ton, US$ 1550/ton and US$ 1395/ton, respectively.
 
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Fibre2fashion News Desk - India

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