Chinese market witnesses rise in MEG and PSF prices

05 Feb '15

3 min read

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

PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices, which ranged between US$ 605 and 610 per ton. In the FE Asian market, PTA prices went up to US$ 590 per ton. Prices of PTA imported from the Taiwanese market increased to a range of US$ 575 to 580 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4465 to 4515 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices went up and they ranged between US$ 875 and 880 per ton. In the FE Asian market, Ethylene prices were stable at US$ 830 per ton. In the US market, Ethylene prices went up ranging between 35.50 and 36.00 cents per pound. Ethylene prices increased in the European international market to US$ 785 per ton, while prices were stable in the domestic market at € 715 per ton.

MEG prices increased in Asia. In SE Asia, MEG prices went up to US$ 790 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 770 and 775 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5965 to 6015 per ton.

In SE Asia, prices of BG PET Chips increased ranging between US$ 915 and 955 per ton, and some deals were concluded in the range of US$ 925 to 965 per ton. In the FE Asian market, selling offers went up in the range of US$ 935 to 975 per ton, while talked prices hovered in the range of US$ 945 to 985 per ton. In the Chinese market, BG PET Chips’ prices increased ranging between RMB 6775 and 6825 per ton.

In the Korean market, prices of FG PET Chips increased in the range between US$ 825 and 855 per ton. In the Indian market, FOB based prices hovered in the range of US$ 835 to 865 per ton. In the Chinese market, FG PET Chips’ prices increased ranging between RMB 6375 and 6400 per ton.

PSF prices increased in Asia. In the FE Asian market, PSF prices went up to US$ 1030 per ton. In the SE Asian market, PSF selling prices went up to US$ 930 per ton. In the Chinese domestic market, PSF prices went up ranging between RMB 7250 and 7275 per ton.

In the Chinese domestic market, prices of Polyester POY and FDY were stable at RMB 7400 per ton and RMB 7450 per ton, respectively, while DTY prices went up to RMB 9100 per ton. In the export market, offers for POY and FDY were stable at US$ 965 per ton and US$ 955 per ton, respectively, while DTY prices went up to US$ 1195 per ton.

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Fibre2fashion News Desk - India

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