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PTA, MEG & PSF markets decline in Asian region

16
Aug '12

Paraxylene (PX) prices went up in Asian markets. In S E Asian region, PX prices surged and were assessed in the range of US$ 1445/ton to US$ 1450/ton. In F E Asian market, PX prices increased to US$ 1445/ton. Prices of PX imported from Taiwanese market went up and were quoted in the range of US$ 1450/ton to US$ 1455/ton.

PTA prices went down in the Asian region. In S E Asian market, PTA prices declined and were quoted in the range of US$ 1015/ton to US$ 1020/ton. In F E Asian market, PTA prices were offered at US$ 1020/ton. Prices of PTA imported from Taiwanese market plunged down in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, PTA prices increased and hovered in the range of RMB 7925/ton to RMB 7975/ton.

Ethylene prices remained stable in Asian markets. In S E Asian market, Ethylene prices were steady in the range of US$ 1145/ton to US$ 1150/ton. In F E Asian region, Ethylene prices were offered at US$ 1150/ton. In the US market, Ethylene prices surged and were in the range of 50.50 cents/pound to 51.00 cents/pound. Ethylene prices were steady in European international and domestic markets at US$ 1255/ton and € 1130/ton, respectively.

MEG prices declined in Asian markets. In S E Asian region, MEG prices declined and were assessed at US$ 1010/ton. In China market, MEG prices went down in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, MEG prices remained unchanged in the range of RMB 7700/ton to RMB 7750/ton.

In S E Asian region, BG PET Chips 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 at RMB 9975/ton.

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

PSF prices declined in Asian markets. In F E Asian market, PSF prices were offered at US$ 1530/ton. In S E Asian market, PSF selling offers were assessed at US$ 1430/ton. In the Chinese domestic market, PSF prices dipped and were assessed in the range of RMB 10750/ton to RMB 10800/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were steady at RMB 11400/ton, RMB 12650/ton and RMB 11325/ton, respectively. In export market, offers for POY, DTY and FDY remained unchanged 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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