PX & PTA prices inch down in Far East Asian markets

24 Dec '14

3 min read

Paraxylene (PX) prices decreased in Asian markets. PX prices decreased in SE Asia, where they ranged between US$ 845 and 850 per ton. In the FE Asian market, PX prices went down to US$ 830 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 855 to 860 per ton.

PTA prices decreased in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 645 and 650 per ton. In the FE Asian market, PTA prices decreased to US$ 630 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 decreased and were in a range of RMB 4545 to 4595 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 995 to 1000 per ton. In the FE Asian market, Ethylene prices were stable at US$ 900 per ton. In the US market, Ethylene prices declined ranging between 41.50 and 42.00 cents per pound. Ethylene prices were stable in the European international as well as in domestic markets at US$ 1010 per ton and € 820 per ton, respectively.

MEG prices decreased in Asia. In SE Asia, MEG prices went down to US$ 780 per ton. In the Chinese international market, MEG prices went up ranging between US$ 785 and 790 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 5890 to 5940 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 declined ranging between RMB 6825 and 6875 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 were stable ranging between RMB 6475 and 6525 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 1075 per ton. In the SE Asian market, PSF selling prices were stable at US$ 975 per ton. In the Chinese domestic market, PSF prices were stable 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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