PTA, Ethylene & PSF prices drop in Southeast Asia

24 Nov '14

3 min read

Paraxylene (PX) prices showed mixed trend in Asian markets. PX prices were stable in SE Asia, ranging between US$ 1035 and 1040 per ton. In the FE Asian market, PX prices increased to US$ 1020 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 1035 to 1040 per ton.

PTA prices showed mixed trend in Asia. SE Asian market witnessed a decrease in PTA prices which ranged between US$ 800 and 805 per ton. In the FE Asian market, PTA prices were stable at US$ 785 per ton. Prices of PTA imported from the Taiwanese market increased to a range of US$ 780 to 785 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 5695 to 5745 per ton.

Ethylene prices declined in Asian markets. In the SE Asian market, Ethylene prices decreased ranging between US$ 1205 and 1210 per ton. In the FE Asian market, Ethylene prices declined to US$ 1130 per ton. In the US market, Ethylene prices declined and they ranged between 52.00 to 52.50 cents per pound. Ethylene prices went up in the European international as well as in domestic markets to US$ 1200 per ton and € 995 per ton, respectively.

MEG prices remained unaffected in Asia. In SE Asia, MEG prices were stable at US$ 905 per ton. In the Chinese international market, MEG prices went up ranging between US$ 895 to 900 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 6800 to 6850 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 1160 and 1200 per ton, and some deals were concluded in the range of US$ 1170 to 1210 per ton. In the FE Asian market, selling offers were stable in the range of US$ 1180 to 1220 per ton, while talked prices hovered in the range of US$ 1190 to 1230 per ton. In the Chinese market, BG PET Chips prices were stable ranging between RMB 7975 and 8025 per ton.

In the Korean market, prices of FG PET Chips remained unaffected between US$ 1030 and 1070 per ton. In the Indian market, FOB based prices hovered in the range of US$ 1040 to 1080 per ton. In the Chinese market, FG PET Chips prices surged ranging between RMB 7650 and 7700 per ton.

PSF prices plunged in Asia. In the FE Asian market, PSF prices decreased to US$ 1195 per ton. In the SE Asian market, PSF selling prices declined to US$ 1095 per ton. In the Chinese domestic market, PSF prices remained unaffected ranging between RMB 8200 and 8225 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY increased to RMB 9000 per ton, RMB 10750 per ton and RMB 8900 per ton, respectively. In the export market, offers for POY, DTY and FDY increased to US$ 1230 per ton, US$ 1475 per ton and US$ 1200 per ton, respectively.

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Fibre2fashion News Desk - India

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