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Ethylene & PTA prices down; PSF up

21
May '12
Paraxylene (PX) prices plunged down in Asia. In S E Asian market, PX prices declined and were assessed in the range of US$ 1450/ton to US$ 1455/ton. In F E Asian region, PX prices moved downwards and were assessed at US$ 1435/ton. PX imported from Taiwanese market went down and was in the range US$ 1455/ton to US$ 1460/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices dipped and were quoted in the range of US$ 1095/ton to US$ 1100/ton. In F E Asian market, PX prices were assessed at US$ 1095/ton. PTA imported from Taiwanese market surged up and were quoted in the range of US$ 1095/ton to US$ 1100/ton. In the Chinese domestic market, PTA prices went up and were offered in the range of RMB 8475/ton to RMB 8525/ton.

Ethylene prices followed the downward trend in the Asian countries. In S E Asian market, Ethylene prices plunged down and were quoted in the range of US$ 1120/ton to US$ 1125/ton. In F E Asian region, Ethylene prices declined and were quoted at US$ 1140/ton.

In the US market, Ethylene prices went down slightly and were quoted in the range of 52.00 cents/pound to 52.50 cents/pound. Ethylene prices declined in European international and domestic markets, and were assessed at US$ 1300/ton and € 1040/ton, respectively.

MEG prices showed mix trend in the Asian market. In S E Asian region, MEG prices stayed stable and were assessed at US$ 975/ton. In China market, MEG prices went up and were quoted in the range of US$ 970/ton to US$ 975/ton. In the Chinese domestic market, MEG prices remained steady and were quoted in the range of RMB 7425/ton to RMB 7475/ton.

In S E Asian countries, BG PET Chips prices stayed steady in the range of US$ 1450/ton to US$ 1460/ton. In F E Asian market, selling offers were around US$ 1450/ton for export goods. In the Chinese market, BG PET Chip prices decreased and were quoted at RMB 10600/ton.

In Korean markets, FG PET Chips prices remained unchanged in the range of US$ 1290/ton to US$ 1300/ton. In the Indian market, FOB based prices were quoted in the range of US$ 1340/ton to US$ 1345/ton. In the Chinese market, FG PET Chip prices decreased and they hovered in the range of RMB 10200/ton to RMB 10250/ton.

PSF prices went up in the Asian countries. In F E Asian market, PSF prices were assessed at US$ 1575/ton. In S E Asian market, PSF selling offers were marked at US$ 1475/ton. In the Chinese domestic market, PSF prices stayed stable and prevailed in the range of RMB 10975/ton to RMB 11025/ton.

In the Chinese domestic market, Polyester POY and FDY prices declined slightly and were marked at RMB 11100/ton, while DTY prices stayed stable at RMB 12400/ton. In export market, offers for POY and FDY fell and were quoted at US$ 1500/ton and US$ 1490/ton, respectively, while DTY price stayed stable at US$ 1670/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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