MEG, PX, PTA prices rise in Asian countries

30 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$ 1390/ton to US$ 1395/ton. In F E Asian market, PX prices were offered at US$ 1390/ton. Prices of PX imported from Taiwanese market declined and were assessed in the range of US$ 1370/ton to US$ 1375/ton.

PTA prices surged in the Asian region. In S E Asian market, PTA prices increased and were quoted in the range of US$ 995/ton to US$ 1000/ton. In F E Asian market, PTA prices were offered at US$ 990/ton. PTA imported from Taiwanese market stayed stable and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, PTA prices increased and were offered in the range RMB 7650/ton to RMB 7700/ton.

Ethylene prices showed a mixed trend in Asia. In S E Asian market, Ethylene prices remained stable and were offered in the range of US$ 1125/ton to US$ 1130/ton. In F E Asian region, Ethylene prices increased and were quoted at US$ 1080/ton.

In the US market, Ethylene prices continued to be steady and were quoted in the range of 49.00 cents/pound to 49.50 cents/pound. Ethylene prices went up in European international and domestic markets and were quoted at US$ 1135/ton and € 1055/ton, respectively.

MEG prices went up in Asia. In S E Asian region, MEG prices increased and were offered at US$ 930/ton. In China market, MEG prices stayed steady in the range of US$ 905/ton to US$ 910/ton. In the Chinese domestic market, MEG prices moved up and were quoted in the range of RMB 7275/ton to RMB 7325/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 Chips prices were stable at RMB 9550/ton.

In Korean market, FG PET Chips prices remained stable and were offered 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 went up and were offered in the range of RMB 9550/ton to RMB 9600/ton.

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

In the Chinese domestic market, Polyester DTY and FDY prices inched up and were quoted at RMB 12100/ton and RMB 10750/ton, respectively, while POY prices stayed stable at RMB 10650/ton. In export market, offers for DTY and FDY increased and were assessed at US$ 1620/ton and US$ 1430/ton, respectively, while POY prices were stable at US$ 1430/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...