MEG prices surge in Southeast Asia

14 Aug '12

3 min read

Paraxylene (PX) prices remained stable in the Asian region. In S E Asian region, PX prices were unchanged in the range of US$ 1430/ton to US$ 1435/ton. In F E Asian market, PX prices were stable at US$ 1430/ton. Prices of PX imported from Taiwanese market went down and were offered in the range of US$ 1445/ton to US$ 1450/ton.

PTA prices stayed stable in Asian markets. In S E Asian market, PTA prices were unchanged in the range of US$ 1030/ton to US$ 1035/ton. In F E Asian market, PTA prices were witnessed at US$ 1030/ton. Prices of PTA imported from Taiwanese market went up in the range of US$ 1025/ton to US$ 1030/ton. In the Chinese domestic market, PTA prices went down in the range of RMB 7850/ton to RMB 7900/ton.

Ethylene prices remained steady in Asian markets. In S E Asian market, Ethylene prices were stable in the range of US$ 1145/ton to US$ 1150/ton. In F E Asian region, Ethylene prices were assessed at US$ 1150/ton. In the US market, Ethylene prices surged and were in the range of 50.00 cents/pound to 50.50 cents/pound. Ethylene prices were stable in European international and in domestic markets, and were assessed at US$ 1255/ton and € 1130/ton, respectively.

MEG prices increased in Asian markets. In S E Asian region, MEG prices surged and were offered at US$ 1020/ton. In China market, MEG prices went up and were quoted in the range of US$ 1015/ton to US$ 1020/ton. In the Chinese domestic market, MEG prices declined in the range of RMB 7700/ton to RMB 7750/ton.

In S E Asian region, BG PET Chips prices continued to be 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 remained stable at RMB 9975/ton.

In Korean market, FG PET Chips prices were unchanged 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 kept stable and were offered in the range of RMB 9925/ton to RMB 9975/ton.

PSF prices remained stable in Asian markets. In F E Asian market, PSF prices were quoted at US$ 1540/ton. In S E Asian market, PSF selling offers were assessed at US$ 1440/ton. In the Chinese domestic market, PSF prices remained stable in the range of RMB 10825/ton to RMB 10875/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained unchanged and were offered at RMB 11400/ton, RMB 12650/ton and RMB 11325/ton, respectively. In export market, offers for POY, DTY and FDY stayed stable and were offered at US$ 1540/ton, US$ 1700/ton, and US$ 1515/ton, respectively.

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Fibre2fashion News Desk - India

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