MEG, PX & PTA prices rise in Asian markets

11 Sep '12

3 min read

Paraxylene (PX) prices surged in the Asian region. In S E Asian region, PX prices went up in the range of US$ 1510/ton to US$ 1515/ton. In F E Asian market, PX prices were assessed at US$ 1510/ton. Prices of PX imported from Taiwanese market increased and were offered in the range of US$ 1510/ton to US$ 1515/ton.

PTA prices went up in Asian markets. In S E Asian market, PTA prices increased in the range of US$ 1075/ton to US$ 1080/ton. In F E Asian market, PTA prices were assessed at US$ 1070/ton. Prices of PTA imported from Taiwanese market went down in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, PTA prices remained steady in the range of RMB 8200/ton to RMB 8250/ton.

Ethylene prices stayed stable in the Asian region. In S E Asian market, Ethylene prices kept unchanged in the range of US$ 1280/ton to US$ 1285/ton. In F E Asian region, Ethylene prices were offered at US$ 1300/ton. In the US market, Ethylene prices remained steady in the range of 59.50 cents/pound to 60.00 cents/pound. Ethylene prices stayed stable in European international and domestic markets at US$ 1380/ton and € 1200/ton, respectively.

MEG prices increased in Asian markets. In S E Asian region, MEG prices increased and were quoted at US$ 1075/ton. In China market, MEG prices surged in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, MEG prices went up in the range of RMB 8250/ton to RMB 8300/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 were steady at RMB 10350/ton.

In Korean market, FG PET Chips prices kept 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 unchanged in the range of RMB 10150/ton to RMB 10200/ton.

PSF prices were stable in Asian markets. In F E Asian market, PSF prices were offered at US$ 1535/ton. In S E Asian market, PSF selling offers were assessed at US$ 1435/ton. In the Chinese domestic market, PSF prices went up in the range of RMB 10925/ton to RMB 10975/ton.

In the Chinese domestic market, Polyester DTY and FDY prices remained steady and were assessed at RMB 12600/ton and RMB 11100/ton, respectively, while POY prices went up to RMB 11200/ton. In export market, offers for DTY and FDY kept unchanged at US$ 1695/ton and US$ 1480/ton, respectively, while POY price went up to US$ 1510/ton.

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Fibre2fashion News Desk - India

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