PTA, MEG & PSF markets rise in Asian region

23 Aug '12

3 min read

Paraxylene (PX) prices showed mixed trend in the Asian region. In S E Asian region, PX prices remained stable in the range of US$ 1440/ton to US$ 1445/ton. In F E Asian market, PX prices were offered at US$ 1430/ton. Prices of PX imported from Taiwanese market went down and were assessed in the range of US$ 1445/ton to US$ 1450/ton.

PTA prices increased in Asian markets. In S E Asian market, PTA prices inched up in the range of US$ 1020/ton to US$ 1025/ton. In F E Asian market, PTA prices were offered at US$ 1015/ton. PTA imported from Taiwanese market went down in the range of US$ 1010/ton to US$ 1015/ton. In the Chinese domestic market, PTA prices increased in the range of RMB 7975/ton to RMB 8025/ton.

Ethylene prices followed mixed trend in Asian markets. In S E Asian market, Ethylene prices surged in the range of US$ 1200/ton to US$ 1205/ton. In F E Asian region, Ethylene prices were offered at US$ 1200/ton.

In the US market, Ethylene prices went up in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices remained stable in European international and domestic markets at US$ 1270/ton and € 1120/ton, respectively.

MEG prices increased in the Asian region. In S E Asian region, MEG prices moved up and were offered at US$ 1020/ton. In China market, MEG prices increased in the range of US$ 1015/ton to US$ 1020/ton. In the Chinese domestic market, MEG prices surged 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 steady at RMB 10150/ton.

In Korean market, FG PET Chips prices stayed 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 stable and were assessed in the range of RMB 9775/ton to RMB 9825/ton.

PSF prices went up in Asian markets. In F E Asian market, PSF prices were offered at US$ 1520/ton. In S E Asian market, PSF selling offers were assessed at US$ 1420/ton. In the Chinese domestic market, PSF prices remained stable in the range of RMB 10600/ton to RMB 10650/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices went down and were quoted at RMB 11200/ton, RMB 12550/ton and RMB 11100/ton, respectively. In export market, offers for POY, DTY and FDY went down and were offered at US$ 1510/ton, US$ 1690/ton and US$ 1485/ton, respectively.

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Fibre2fashion News Desk - India

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