PX, MEG & PSF prices drop in Asian markets

20 Aug '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$ 1440/ton to US$ 1445/ton. In F E Asian market, PX prices were offered at US$ 1440/ton. Prices of PX imported from Taiwanese market kept unchanged in the range of US$ 1460/ton to US$ 1465/ton.

PTA prices showed mixed trend in Asian markets. In S E Asian market, PTA prices continued to be stable in the range of US$ 1025/ton to US$ 1030/ton. In F E Asian market, PTA prices were offered at US$ 1020/ton. Prices of PTA imported from Taiwanese market surged and were assessed in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, PTA prices went down in the range of RMB 7850/ton to RMB 7900/ton.

Ethylene prices stayed stable in Asian markets. In S E Asian market, Ethylene prices were steady in the range of US$ 1185/ton to US$ 1190/ton. In F E Asian region, Ethylene prices were offered at US$ 1200/ton. In the US market, Ethylene prices increased in the range of 52.50 cents/pound to 53.00 cents/pound. Ethylene prices went up in European international market to US$ 1270/ton and declined in domestic market to € 1120/ton.

MEG prices plunged in the Asian region. In S E Asian region, MEG prices went down and were offered at US$ 1010/ton. In China market, MEG prices surged in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, MEG prices remained steady in the range of RMB 7775/ton to RMB 7825/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 surged to RMB 10100/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 remained stable in the range of RMB 9900/ton to RMB 9950/ton.

PSF prices declined in Asian markets. In F E Asian market, PSF prices were assessed at US$ 1525/ton. In S E Asian market, PSF selling offers were quoted at US$ 1425/ton. In the Chinese domestic market, PSF prices dropped and were in the range of RMB 10700/ton to RMB 10750/ton.

In the Chinese domestic market, Polyester POY and FDY prices went down and were quoted at RMB 11300/ton and RMB 11150/ton, respectively while DTY prices stayed stable at RMB 12600/ton. In export market, offers for POY and FDY went down and were assessed at US$ 1525/ton and US$ 1485/ton, respectively, while DTY prices were stable at US$ 1690/ton.

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Fibre2fashion News Desk - India

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