MEG prices increase in Chinese international market

24 Feb '15

3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 880 and 885 per ton. In the FE Asian market, PX prices plunged to US$ 865 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 885 to 890 per ton.

PTA prices remained unaffected in Asia. SE Asian market witnessed stable trend in PTA prices which ranged between US$ 625 and 630 per ton. In the FE Asian market, PTA prices were stable at US$ 605 per ton. Prices of PTA imported from the Taiwanese market increased to a range of US$ 600 to 605 per ton. In the Chinese domestic market, PTA prices were stable in a range of RMB 4645 to 4695 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 955 and 960 per ton. In the FE Asian market, Ethylene prices were stable at US$ 915 per ton. In the US market, Ethylene prices increased 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$ 905 per ton and € 800 per ton, respectively.

MEG prices remained unaffected in Asia. In SE Asia, MEG prices were stable at US$ 820 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 810 and 815 per ton. In the Chinese domestic market, MEG prices were stable in a range of RMB 6140 to 6190 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 steady 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 6775 and 6825 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 steady 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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