PX & PSF trends continue surge, MEG declines

PTA prices stayed stable in the Asian market. In S E Asian market, PTA prices remained unchanged and were assessed in the range of US$ 1005/ton to US$ 1010/ton. In F E Asian market, PTA prices were quoted at US$ 1000/ton. PTA imported from Taiwanese market surged up and were offered in the range of US$ 995/ton to US$ 1000/ton. In Chinese domestic market, PTA prices went up and were quoted in the range of RMB 7500/ton to RMB 7550/ton.

Ethylene prices stayed steady in the Asian region. In S E Asian region, Ethylene prices were quoted in the range of US$ 975/ton to US$ 980/ton. In F E Asian region, Ethylene prices were assessed at US$ 900/ton. In U.S.A market, Ethylene prices remained unchanged and were offered in the range of 41.50 cents/pound to 42.00 cents/pound. Ethylene prices remained stable in European international and in domestic market and were assessed at US$ 1025/ton and € 850/ton, respectively.

MEG prices declined in Asia. In S E Asian region, MEG prices went down and were offered at US$ 885/ton. In China market, MEG prices surged up in the range of US$ 890/ton to US$ 895/ton. In Chinese domestic market, MEG prices remained stable and were assessed in the range RMB 6725/ton to RMB 6775/ton.

In S E Asian region, BG PET Chips prices remained steady 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 increased and were assessed at RMB 9400/ton.

In Korean market, FG PET Chips prices remained unchanged and were offered in the range of US$ 1180/ton to US$ 1220/ton. In Indian market, FOB based price were quoted in the range of US$ 1220/ton to US$ 1260/ton. In Chinese market, FG PET Chip prices remained unchanged and were assessed in the range of RMB 9125/ton to RMB 9175/ton.

PSF prices went up in the Asian region. In F E Asian market, PSF was offered at US$ 1415/ton. In S E Asian market, PSF selling offers were assessed at US$ 1315/ton. In Chinese domestic market, PSF prices went up and were quoted in the range of RMB 9925/ton to RMB 9975/ton.

In Chinese domestic market, prices of Polyester POY, DTY and FDY surged up and were assessed at RMB 10150/ton, RMB 11400/ton and RMB 10000/ton respectively. In export market, offers for POY DTY and FDY went up and were offered at US$ 1360/ton, US$ 1520/ton, and US$ 1320/ton respectively.

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Fibre2fashion News Desk - India