PX, PTA & MEG prices decline in Asian region

19 Jul '12

3 min read

Paraxylene (PX) prices went down in the Asian region. In S E Asian region, PX prices declined and were quoted in the range of US$ 1395/ton to US$ 1400/ton. In F E Asian market, PX prices were quoted at US$ 1380/ton. Prices of PX imported from Taiwanese market surged and were in the range of US$ 1415/ton to US$ 1420/ton.

PTA prices declined in the Asian market. In S E Asian market, PTA prices plunged and were assessed in the range of US$ 1010/ton to US$ 1015/ton. In F E Asian market, PTA prices were assessed at US$ 1005/ton. Prices of PTA imported from Taiwanese market stayed stable and were quoted in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, PTA prices went up and were quoted in the range of RMB 7575/ton to RMB 7625/ton.

Ethylene prices remained stable in the Asian market. In S E Asian market, Ethylene prices remained unchanged and were quoted 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 were steady 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 quoted at US$ 1075/ton and € 1015/ton, respectively.

MEG prices declined in Asia. In S E Asian region, MEG prices fell and were quoted at US$ 910/ton. In China market, MEG prices went down in the range of US$ 915/ton to US$ 920/ton. In the Chinese domestic market, MEG prices stayed stable and were quoted in the range of RMB 7075/ton to RMB 7125/ton.

In S E Asian region, BG PET Chips prices continued to be steady 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 Chips prices remained unchanged and were quoted at RMB 9650/ton.

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

PSF prices remained unchanged 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 quoted at US$ 1330/ton. In the Chinese domestic market, PSF prices stayed stable in the range of RMB 10025/ton to RMB 10075/ton.

In the Chinese domestic market, Polyester POY and DTY prices remained unchanged and were marked at RMB 10400/ton and RMB 11800/ton, respectively, while FDY prices surged to RMB 10400/ton. In export market, offers for POY and DTY stayed stable and were offered at US$ 1400/ton and US$ 1580/ton, respectively, while FDY Prices increased t0 US$ 1385/ton.

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Fibre2fashion News Desk - India

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