Asian ethylene, MEG prices show mixed trend

20 Jun '12

3 min read

Paraxylene (PX) prices went down in the Asian region. In S E Asian region, PX prices declined and were offered in the range of US$ 1265/ton to US$ 1270/ton. In F E Asian region, PX prices were assessed at US$ 1250/ton. Prices of PX imported from Taiwanese market inched up and were quoted in the range of US$ 1280/ton to US$ 1285/ton.

PTA prices followed a downward trend in Asian countries. In S E Asian market, PTA prices moved down and were assessed in the range of US$ 950/ton to US$ 955/ton. In F E Asian market, PTA prices were quoted at US$ 945/ton. Prices of PTA imported from Taiwanese market climbed up and were quoted in the range of US$ 945/ton to US$ 950/ton. In the Chinese domestic market, PTA prices went down and were offered in the range of RMB 7175/ton to RMB 7225/ton.

Ethylene prices showed a mix trend in the Asian region. In S E Asian market, Ethylene prices surged up and were offered in the range of US$ 910/ton to US$ 915/ton. In F E Asian region, Ethylene prices stayed steady and were quoted at US$ 830/ton. In the US market, Ethylene prices remained stable and were quoted in the range of 40.50 cents/pound to 41.00 cents/pound. Ethylene prices remained steady in European international and domestic markets, and were quoted at US$ 1110/ton and € 875/ton, respectively.

MEG prices showed a mix trend in Asia. In S E Asian region, MEG prices declined and were quoted at US$ 860/ton. In China market, MEG prices went up and were assessed in the range of US$ 865/ton to US$ 870/ton. In the Chinese domestic market, MEG prices dropped and were offered in the range of RMB 6425/ton to RMB 6475ton.

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 the Chinese market, BG PET Chips prices stayed stable at RMB 9100/ton.

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

PSF prices went up in the Asian region. In F E Asian market, PSF prices surged up to US$ 1405/ton. In S E Asian market, PSF selling offers were quoted at US$ 1305/ton. In the Chinese domestic market, PSF prices went up and were assessed in the range of RMB 9825/ton to RMB 9875/ton.

In the Chinese domestic market, Polyester POY and FDY prices moved up and were quoted at RMB 9700/ton and RMB 9500/ton, respectively, while prices of DTY remained stable at RMB 11000/ton. In export market, offers for POY, DTY and FDY inched up and were quoted at US$ 1300/ton, US$ 1480/ton and US$ 1250/ton, respectively.

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Fibre2fashion News Desk - India

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