Ethylene prices move up in US; PX down in Asia

27 Jul '12

3 min read

Paraxylene (PX) prices declined in the Asian region. In S E Asian region, PX prices plunged and were offered in the range of US$ 1370/ton to US$ 1375/ton. In F E Asian market, PX prices were assessed at US$ 1355/ton. Prices of PX imported from Taiwanese market moved down and were quoted in the range of US$ 1390/ton to US$ 1395/ton.

PTA prices stayed steady in the Asian market. In S E Asian market, PTA prices remained unchanged and were offered in the range of US$ 990/ton to US$ 995/ton. In F E Asian market, PTA prices were assessed at US$ 985/ton. Prices of PTA imported from Taiwanese market decreased and were assessed in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, PTA prices surged and were quoted in the range RMB 7550/ton to RMB 7600/ton.

Ethylene prices stayed stable in the Asian market. In S E Asian market, Ethylene prices remained unchanged and were offered in the range of US$ 1125/ton to US$ 1130/ton. In F E Asian region, Ethylene prices were quoted at US$ 1030/ton.

In the US market, Ethylene prices moved up and were quoted in the range of 49.00 cents/pound to 49.50 cents/pound. Ethylene prices continued to be steady in European international market at US$ 1110/ton. In European domestic market, Ethylene prices rose to € 1050/ton.

MEG prices remained stable in Asia. In S E Asian region, MEG prices remained unchanged at US$ 910/ton. In China market, MEG prices went down in the range of US$ 905/ton to US$ 910/ton. In the Chinese domestic market, MEG prices declined and were offered in the range RMB 7025/ton to RMB 7075/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 stayed unchanged at RMB 9450/ton.

In Korean market, FG PET Chips prices were steady in the range of US$ 1190/ton to US$ 1230/ton. In Indian market, FOB based prices were quoted in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices remained stable in the range of RMB 9425/ton to RMB 9475/ton.

PSF prices were stable in the Asian region. In F E Asian market, PSF prices were offered at US$ 1440/ton. In S E Asian market, PSF selling offers were quoted at US$ 1340/ton. In the Chinese domestic market, PSF prices were unchanged in the range of RMB 10125/ton to RMB 10175/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained unchanged and were offered at RMB 10650/ton, RMB 12000/ton and RMB 10650/ton, respectively. In export market, offers for POY, DTY and FDY stayed steady at US$ 1430/ton, US$ 1605/ton and US$ 1415/ton, respectively.

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Fibre2fashion News Desk - India

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