PX, PTA & MEG prices rise in Asian market

13 Jul '12

3 min read

Paraxylene (PX) prices went up in the Asian market. In S E Asian region, PX prices surged and were quoted in the range of US$ 1365/ton to US$ 1370/ton. In F E Asian market, PX prices were assessed at US$ 1350/ton. Prices of PX imported from Taiwanese market increased and were offered in the range of US$ 1350/ton to US$ 1355/ton.

PTA prices went up in the Asian region. In S E Asian market, PTA prices surged and were assessed in the range of US$ 1000/ton to US$ 1005/ton. In F E Asian market, PTA prices were quoted at US$ 995/ton. PTA imported from Taiwanese market declined and were quoted in the range of US$ 880/ton to US$ 885/ton. In the Chinese domestic market, PTA prices surged up and were offered in the range of RMB 7400/ton to RMB 7450/ton.

Ethylene prices showed mix trend in Asia. In S E Asian region, Ethylene prices increased and were quoted in the range of US$ 1045/ton to US$ 1050/ton. In F E Asian region, Ethylene prices were assessed at US$ 980/ton.

In the US market, Ethylene prices went up and were quoted in the range of 44.00 cents/pound to 44.50 cents/pound. Ethylene prices remained stable in European international and in domestic markets, and were quoted at US$ 1025/ton and € 880/ton, respectively.

MEG prices surged in Asia. In S E Asian region, MEG prices went up and were offered at US$ 895/ton. In China market, MEG prices stayed stable in the range of US$ 880/ton to US$ 885/ton. In the Chinese domestic market, MEG prices stayed steady and were assessed in the range of RMB 6725/ton to RMB 6775/ton.

In S E Asian region, BG PET Chips prices remained unchanged in the range of US$ 1320/ton to US$ 1350/ton. In F E Asian market, selling offers were around US$ 1300/ton for export goods. In the Chinese market, BG PET Chip prices remained stable and were quoted at RMB 9400/ton.

In Korean market, FG PET Chips prices remained stable and were assessed in the range of US$ 1190/ton to US$ 1230/ton. In Indian market, FOB based price were quoted in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chip prices plunged down and were offered in the range of RMB 9025/ton to RMB 9075/ton.

PSF prices stayed stable in the Asian region. In F E Asian market, PSF prices were assessed at US$ 1395/ton. In S E Asian market, PSF selling offers were assessed at US$ 1295/ton. In the Chinese domestic market, PSF prices were steady and were quoted in the range of RMB 9800/ton to RMB 9850/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY stayed steady and were assessed at RMB 10100/ton, RMB 11450/ton and RMB 10000/ton respectively. In the export market, offers for POY, DTY and FDY stayed unchanged and were offered at US$ 1350/ton, US$ 1530/ton, and US$ 1320/ton respectively.

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Fibre2fashion News Desk - India

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