Ethylene prices surge in US market; steady in Europe

29 Aug '12

3 min read

Paraxylene (PX) prices went up in Asian markets. In S E Asian region, PX prices surged in the range of US$ 1465/ton to US$ 1470/ton. In F E Asian market, PX prices were quoted at US$ 1465/ton. Prices of PX imported from Taiwanese market increased and were assessed in the range of US$ 1475/ton to US$ 1480/ton.

PTA prices declined in the Asian region. In S E Asian market, PTA prices went down in the range of US$ 1040/ton to US$ 1045/ton. In F E Asian market, PTA prices were quoted at US$ 1035/ton. Prices of PTA imported from Taiwanese market surged in the range of US$ 1035/ton to US$ 1040/ton. In the Chinese domestic market, PTA prices went up in the range of RMB 8125/ton to RMB 8175/ton.

Ethylene prices showed mixed trend in the Asian region. In S E Asian market, Ethylene prices increased in the range of US$ 1295/ton to US$ 1300/ton. In F E Asian region, Ethylene prices were assessed at US$ 1220/ton. In the US market, Ethylene prices surged in the range of 58.00 cents/pound to 58.50 cents/pound. Ethylene prices stayed steady in European international and domestic markets at US$ 1295/ton and € 1135/ton, respectively.

MEG prices went down in the Asian market. In S E Asian region, MEG prices dropped down and were quoted at US$ 1035/ton. In China market, MEG prices surged in the range of US$ 1050/ton to US$ 1055/ton. In the Chinese domestic market, MEG prices declined in the range of RMB 8000/ton to RMB 8075/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 10150/ton.

In Korean market, FG PET Chips prices remained steady 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 surged and were assessed in the range of RMB 10050/ton to RMB 10100/ton.

PSF prices continued to be steady 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 increased in the range of RMB 10800/ton to RMB 10850/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable at RMB 11250/ton, RMB 12650/ton and RMB 11150/ton, respectively. In export market, offers for POY, DTY and FDY were unchanged at US$ 1520/ton, US$ 1700/ton and US$ 1490/ton, respectively.

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Fibre2fashion News Desk - India

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