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PTA & MEG prices move up in Chinese domestic market
07
Nov '14
Paraxylene (PX) prices increased in Asian markets. In the S E Asian region, PX prices increased and were offered in the range of US$ 995/ton to US$ 1000/ton. In the F E Asian market, PX prices surged and were quoted at US$ 975/ton. Prices of PX imported from the Taiwanese market declined and were offered in the range of US$ 985/ton to US$ 990/ton.
 
PTA prices kept inert in the Asian region. In the S E Asian market, PTA prices kept stable and were quoted in the range of US$ 760/ton to US$ 765/ton. In the F E Asian market, PTA prices stayed steady and were offered at US$ 740/ton. Prices of PTA imported from the Taiwanese market went down and were quoted in the range of US$ 735/ton to US$ 740/ton. In the Chinese domestic market, PTA prices went up and were offered in the range of RMB 5265/ton to RMB 5315/ton.
 
Ethylene prices kept stable in Asian markets. In the S E Asian market, Ethylene prices remained stable and were assessed in the range of US$ 1265/ton to US$ 1270/ton. In the F E Asian region, Ethylene prices stayed stable and were quoted at US$ 1290/ton. In the US market, Ethylene prices dropped and were quoted in the range of 53.00 cents/pound to 53.50 cents/pound. Ethylene prices kept inert in the European international as well as in domestic markets and were quoted at US$ 1180/ton and € 955/ton, respectively.
 
MEG prices went up in Asian markets. In the S E Asian region, MEG prices inched up and were quoted at US$ 800/ton. In the Chinese international market, MEG prices plunged and were assessed in the range of US$ 780/ton to US$ 785/ton. In the Chinese domestic market, MEG prices moved up and were assessed in the range of RMB 6000/ton to RMB 6050/ton.
 
In the S E Asian region, prices of BG PET Chips kept inert in the range of US$ 1145/ton to US$ 1185/ton, and some deals were concluded in the range of US$ 1155/ton to US$ 1195/ton. In the F E Asian market, selling offers kept stable in the range of US$ 1165/ton to US$ 1205/ton, while talked prices were quoted in the range of US$ 1175/ton to US$ 1215/ton. In the Chinese market, BG PET Chips’ prices kept inert and were assessed in the range of RMB 7775/ton to RMB 7825/ton.
 
In the Korean market, prices of FG PET Chips kept inert and were assessed in the range of US$ 1015/ton to US$ 1055/ton. In the Indian market, FOB based prices hovered in the range of US$ 1025/ton to US$ 1065/ton. In the Chinese market, FG PET Chips’ prices kept inert and were offered in the range of RMB 7125/ton to RMB 7175/ton.
 
PSF prices declined in the Asian region. In the F E Asian market, PSF prices declined to US$ 1175/ton. In the S E Asian market, PSF selling prices plunged to US$ 1075/ton. In the Chinese domestic market, PSF prices decreased and were quoted in the range of RMB 8050/ton to RMB 8075/ton.
 
In the Chinese domestic market, prices of Polyester POY went down to RMB 8475/ton, while DTY and FDY prices kept inert at RMB 10450/ton and RMB 8600/ton, respectively. In the export market, offers for POY, DTY and FDY kept unchanged at US$ 1155/ton, US$ 1430/ton and US$ 1155/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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