MEG prices rise in Chinese domestic market; PTA stable

13 Feb '15

3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 820 and 825 per ton. In the FE Asian market, PX prices went up to US$ 805 per ton. Prices of PX imported from the Taiwanese market declined to a range of US$ 815 to 820 per ton.

PTA prices remained unaffected in Asia. SE Asian market witnessed stable trend in PTA prices, which ranged between US$ 605 and 610 per ton. In the FE Asian market, PTA prices were stable at US$ 585 per ton. Prices of PTA imported from the Taiwanese market declined to a range of US$ 580 to 585 per ton. In the Chinese domestic market, PTA prices were stable in a range of RMB 4410 to 4460 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 885 and 890 per ton. In the FE Asian market, Ethylene prices were stable at US$ 865 per ton. In the US market, Ethylene prices declined ranging between 34.50 and 35.00 cents per pound. Ethylene prices were stable in the European international as well as in domestic markets to US$ 825 per ton and € 730 per ton, respectively.

MEG prices remained unchanged in Asia. In SE Asia, MEG prices were stable at US$ 795 per ton. In the Chinese international market, MEG prices were stable ranging between US$ 785 and 790 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 6030 to 6080 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 905 and 945 per ton, and some deals were concluded in the range of US$ 915 to 955 per ton. In the FE Asian market, selling offers were stable in the range of US$ 925 to 965 per ton, while talked prices hovered in the range of US$ 935 to 975 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6750 and 6800 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 815 and 845 per ton. In the Indian market, FOB based prices hovered in the range of US$ 825 to 855 per ton. In the Chinese market, FG PET Chips’ prices were stable ranging between RMB 6350 and 6400 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 1030 per ton. In the SE Asian market, PSF selling prices were stable at US$ 930 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 7250 and 7275 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7450 per ton, RMB 9100 per ton and RMB 7450 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 970 per ton, US$ 1195 per ton and US$ 955 per ton, respectively.

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Fibre2fashion News Desk - India

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