PX, Ethylene & PSF prices drop in Asian markets

09 Mar '15

3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 895 and 900 per ton. In the FE Asian market, PX prices went down to US$ 880 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 925 to 930 per ton.

PTA prices remained unaffected in Asia. SE Asian market witnessed stable trend in PTA prices which ranged between US$ 665 and 670 per ton. In the FE Asian market, PTA prices were stable at US$ 650 per ton. Prices of PTA imported from the Taiwanese market were stable in a range of US$ 645 to 650 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4585 to 4635 per ton.

Ethylene prices increased in Asian markets. In the SE Asian market, Ethylene prices went up ranging between US$ 1100 and 1105 per ton. In the FE Asian market, Ethylene prices went up to US$ 1040 per ton. In the US market, Ethylene prices increased ranging between 34.00 and 34.50 cents per pound. Ethylene prices declined in the European international market to US$ 910 per ton, while prices were stable in the domestic market at € 820 per ton.

MEG prices plunged in Asia. In SE Asia, MEG prices declined to US$ 840 per ton. In the Chinese international market, MEG prices declined and they ranged between US$ 835 to 840 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 6215 to 6265 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 960 and 1000 per ton, and some deals were concluded in the range of US$ 970 to 1010 per ton. In the FE Asian market, selling offers were stable in the range of US$ 980 to 1020 per ton, while talked prices hovered in the range of US$ 990 to 1030 per ton. In the Chinese market, BG PET Chips’ prices declined ranging between RMB 7075 and 7125 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 820 and 850 per ton. In the Indian market, FOB based prices hovered in the range of US$ 830 to 860 per ton. In the Chinese market, FG PET Chips’ prices were stable ranging between RMB 6550 and 6600 per ton.

PSF prices declined in Asia. In the FE Asian market, PSF prices went down to US$ 1045 per ton. In the SE Asian market, PSF selling prices plunged to US$ 945 per ton. In the Chinese domestic market, PSF prices decreased ranging between RMB 7375 and 7400 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7525 per ton, RMB 9200 per ton and RMB 7550 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 980 per ton, US$ 1205 per ton and US$ 970 per ton, respectively.

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Fibre2fashion News Desk - India

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