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PTA & MEG prices up in Chinese domestic market
23
Dec '14
Paraxylene (PX) prices increased in Asian markets. PX prices increased in SE Asia, ranging between US$ 855 and 860 per ton. In the FE Asian market, PX prices went up to US$ 835 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 825 to 830 per ton.
 
PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices ranging between US$ 650 and 655 per ton. In the FE Asian market, PTA prices were stable at US$ 635 per ton. Prices of PTA imported from the Taiwanese market were stable in a range of US$ 620 to 625 per ton. In the Chinese domestic market, PTA prices increased to a range of RMB 4635 to 4685 per ton.
 
Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 995 and 1000 per ton. In the FE Asian market, Ethylene prices were stable at US$ 900 per ton. In the US market, Ethylene prices were stable ranging between 42.50 to 43.00 cents per pound. Ethylene prices increased in the European international as well as in domestic markets to US$ 1010 per ton and € 820 per ton, respectively.
 
MEG prices increased in Asia. In SE Asia, MEG prices increased to US$ 795 per ton. In the Chinese international market, MEG prices were stable ranging between US$ 760 and 765 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5990 to 6040 per ton.
 
In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 1010 and 1050 per ton, and some deals were concluded in the range of US$ 1020 to 1060 per ton. In the FE Asian market, selling offers were stable in the range of US$ 1030 to 1070 per ton, while talked prices hovered in the range of US$ 1040 to 1080 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6875 and 6925 per ton.
 
In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 915 and 945 per ton. In the Indian market, FOB based prices hovered in the range of US$ 925 to 955 per ton. In the Chinese market, FG PET Chips’ prices increased and they ranged between RMB 6475 and 6525 per ton.
 
PSF prices declined in Asia. In the FE Asian market, PSF prices plunged to US$ 1075 per ton. In the SE Asian market, PSF selling prices went down to US$ 975 per ton. In the Chinese domestic market, PSF prices decreased ranging between RMB 7525 and 7550 per ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7850 per ton, RMB 9800 per ton and RMB 7700 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 1035 per ton, US$ 1305 per ton and US$ 1000 per ton, respectively.
 
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Fibre2fashion News Desk - India

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