Asian PX & PTA trends continue gallop, PSF down

PTA prices moved upward trend in Asia. In S E Asian market, PTA prices went up and were assessed in the range of US$ 955 to US$ 960/ton. In F E Asian market, PTA prices were offered at US$ 950/ton. PTA imported from Taiwanese market surged up and were quoted in the range of US$ 920/ton to US$ 925/ton. In Chinese domestic market, PTA prices stayed stable and were offered in the range RMB 7225/ton to RMB 7275/ton.

Ethylene prices stayed steady in the Asian region. In S E Asian market, Ethylene prices stayed stable and were offered in the range of US$ 905/ton to US$ 910/ton. In F E Asian region, Ethylene prices were quoted at US$ 830/ton.

In U.S.A market, Ethylene prices went up and were offered in the range of 40.50 cents/pound to 41.00 cents/pound. Ethylene prices remained steady in European international and domestic, and were quoted at US$ 1110/ton and € 875/ton, respectively.

MEG prices surged up in Asia. In S E Asian region, MEG prices were quoted at US$ 870/ton. In China market, MEG prices went up in the range of US$ 840/ton to US$ 850/ton. In Chinese domestic market, MEG prices were offered in the range RMB 6525/ton to RMB 6575ton.

In S E Asian region, BG PET Chips prices remained stable in the range of US$ 1290/ton to US$ 1310/ton. In F E Asian market, selling offers were around US$ 1300/ton for export goods. In Chinese market, BG PET Chip prices stayed stable and were offered at RMB 9100/ton.

In Korean market, FG PET Chips prices stayed steady and were quoted in the range of US$ 1180/ton to US$ 1220/ton. In Indian market, FOB based price were offered in the range of US$ 1220/ton to US$ 1260/ton. In Chinese market, FG PET Chip prices remained stable and were offered in the range of RMB 8875/ton to RMB 8925/ton.

PSF prices went down in the Asian region. In F E Asian market, PSF prices plunged down to US$ 1395/ton. In S E Asian market, PSF selling offers were offered at US$ 1295/ton. In Chinese domestic market, PSF prices went down and were assessed in the range of RMB 9775ton to RMB 9825/ton.

In Chinese domestic market, Polyester POY, DTY and FDY prices stayed stable and were marked at RMB 9650/ton, RMB 11000/ton and RMB 9450/ton, respectively. In export market, offers for POY, DTY and FDY were at US$ 1290/ton, US$ 1465/ton and US$ 1245/ton, respectively.

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Fibre2fashion News Desk - India