Ethylene prices inch up in Europe & Southeast Asia

25 Feb '15

3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 875 and 880 per ton. In the FE Asian market, PX prices plunged to US$ 855 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 880 to 885 per ton.

PTA prices remained unaffected in Asia. SE Asian market witnessed stable trend in PTA prices ranging 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 were stable in a range of US$ 600 to 605 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4565 to 4615 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices went up ranging between US$ 960 and 965 per ton. In the FE Asian market, Ethylene prices were stable at US$ 915 per ton. In the US market, Ethylene prices were stable ranging between 34.50 and 35.00 cents per pound. Ethylene prices went up in the European international as well as in domestic markets to US$ 915 per ton and € 810 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 were stable ranging between US$ 810 and 815 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 6065 to 6115 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 increased and they ranged between RMB 6825 and 6875 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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