Ethylene prices show mix trend in Asia; rise in US

18 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$ 1410/ton to US$ 1415/ton. In F E Asian market, PX prices were quoted at US$ 1400/ton. Prices of PX imported from Taiwanese market stayed stable and were assessed in the range of US$ 1400/ton to US$ 1405/ton.

PTA prices stayed steady in the Asian region. In S E Asian market, PTA prices continued to be stable and were quoted in the range of US$ 1020/ton to US$ 1025/ton. In F E Asian market, PTA prices were offered at US$ 1015/ton. PTA imported from Taiwanese market went up and were quoted in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, PTA prices went down and were in the range RMB 7550/ton to RMB 7600/ton.

Ethylene prices showed a mix trend in the Asian market. In S E Asian market, Ethylene prices went up and were offered in the range of US$ 1095/ton to US$ 1100/ton. In F E Asian region, Ethylene prices were quoted at US$ 1060/ton.

In the US market, Ethylene prices went up and were quoted in the range of 49.00 cents/pound to 49.50 cents/pound. Ethylene prices remained stable in European international and domestic markets, and were assessed at US$ 1075/ton and € 1015/ton, respectively.

MEG prices went down in Asia. In S E Asian region, MEG prices declined and were offered at US$ 920/ton. In China market, MEG prices surged and were quoted in the range of US$ 920/ton to US$ 925/ton. In the Chinese domestic market, MEG prices stayed stable and were quoted in the range of RMB 7000/ton to RMB 7050/ton.

In S E Asian region, BG PET Chips prices were stable 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 9650/ton.

In Korean market, FG PET Chips prices remained unchanged 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 were steady in the range of RMB 9325/ton to RMB 9375/ton.

PSF prices stayed stable in the Asian region. In F E Asian market, PSF prices were assessed at US$ 1430/ton. In S E Asian market, PSF selling offers were marked at US$ 1330/ton. In the Chinese domestic market, PSF prices remained unchanged and were quoted in the range of RMB 10025/ton to RMB 10075/ton.

In the Chinese domestic market, Polyester DTY and FDY prices went up and were marked at RMB 11800/ton and RMB 10350/ton, respectively, while POY prices stayed stable at RMB 10400/ton. In export market, offers for POY, DTY and FDY surged up and were offered at US$ 1400/ton, US$ 1580/ton, and US$1375/ton, respectively.

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Fibre2fashion News Desk - India

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