PTA, MEG & PSF prices rise in Asian markets

17 Jul '12

3 min read

Paraxylene (PX) prices stayed stable in the Asian market. In S E Asian region, PX prices remained unchanged in the range of US$ 1385/ton to US$ 1390/ton. In F E Asian market, PX prices were quoted at US$ 1385/ton. Prices of PX imported from Taiwanese market increased and were offered in the range of US$ 1400/ton to US$ 1405/ton.

PTA prices surged in the Asian region. In S E Asian market, PTA prices went up and were offered in the range of US$ 1020/ton to US$ 1025/ton. In F E Asian market, PTA prices were assessed at US$ 1015/ton. Prices of PTA imported from Taiwanese market inched up and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices moved up and were quoted in the range RMB 7650/ton to RMB 7700/ton.

Ethylene prices stayed steady in Asia. In S E Asian market, Ethylene prices remained stable in the range of US$ 1085/ton to US$ 1090/ton. In F E Asian region, Ethylene prices were quoted at US$ 1060/ton. In the US market, Ethylene prices surged and were offered in the range of 48.50 cents/pound to 49.00 cents/pound. Ethylene prices continued to be stable in European international and domestic markets, and were assessed at US$ 1075/ton and € 1015/ton, respectively.

MEG prices went up in Asia. In S E Asian region, MEG prices rose to US$ 925/ton. In China market, MEG prices surged and were quoted in the range of US$ 905/ton to US$ 910/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7000/ton to RMB 7050/ton.

In S E Asian region, BG PET Chips prices stayed 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 surged to RMB 9650/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 offered in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chip prices increased and were offered in the range of RMB 9325/ton to RMB 9375/ton.

PSF prices went up in the Asian region. In F E Asian market, PSF prices were quoted at US$ 1430/ton. In S E Asian market, PSF selling offers were at US$ 1330/ton. In the Chinese domestic market, PSF prices moved up and were quoted in the range of RMB 10025/ton to RMB 10075/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY went up and were assessed at RMB 10400/ton, RMB 11700/ton and RMB 10300/ton, respectively. In export market, offer prices for POY, DTY and FDY increased and were quoted at US$ 1395/ton, US$ 1565/ton, and US$ 1370/ton, respectively.

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Fibre2fashion News Desk - India

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