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Polyester value chain prices generally decline in Asia
08
Dec '14
Paraxylene (PX) prices went down in Asian markets. PX prices decreased in SE Asia, ranging between US$ 940 to 945 per ton. In the FE Asian market, PX prices surged to US$ 930 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 970 to 975 per ton.
 
PTA prices went down in Asia. SE Asian market witnessed a drop in PTA prices which ranged between US$ 740 and 745 per ton. In the FE Asian market, PTA prices declined to US$ 720 per ton. Prices of PTA imported from the Taiwanese market surged to a range of US$ 725 to 730 per ton. In the Chinese domestic market, PTA prices went down to a range of RMB 5435 to 5485 per ton.
 
Ethylene prices went down in Asian markets. In the SE Asian market, Ethylene prices declined and they ranged between US$ 1125 and 1130 per ton. In the FE Asian market, Ethylene prices fell to US$ 1045 per ton. In the US market, Ethylene prices were decreased and were assessed between 45.50 to 46.00 cents per pound. Ethylene prices went down in the European international and domestic markets to US$ 1110 per ton and € 910 per ton, respectively.
 
MEG prices plunged in Asia. In SE Asia, MEG prices dropped to US$ 835 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 845 and 850 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 6130 to 6180 per ton.
 
In SE Asia, prices of BG PET Chips kept steady and they ranged between US$ 1130 to 1170 per ton, and some deals were concluded in the range of US$ 1140 to 1180 per ton. In the FE Asian market, selling offers remained steady in the range of US$ 1150 to 1190 per ton, while talked prices hovered in the range of US$ 1160 to 1200 per ton. In the Chinese market, BG PET Chips’ prices stayed steady ranging between RMB 7950 to 8000 per ton.
 
In the Korean market, prices of FG PET Chips were stable in the range between US$ 1010 and 1050 per ton. In the Indian market, FOB based prices hovered in the range of US$ 1020 to 1060 per ton. In the Chinese market, FG PET Chips’ prices decreased and were ranging between RMB 7275 and 7325 per ton.
 
PSF prices remained steady in Asia. In the FE Asian market, PSF prices kept inert at US$ 1185 per ton. In the SE Asian market, PSF selling prices kept unchanged at US$ 1085 per ton. In the Chinese domestic market, PSF prices stayed steady in the range of RMB 8150 to 8200 per ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY declined to RMB 8500 per ton, RMB 10550 per ton and RMB 8550 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 1150 per ton, US$ 1440 per ton and US$ 1145 per ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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