PTA, PSF & MEG markets surge in Asian region

10 Oct '12

3 min read

Paraxylene (PX) prices surged in the Asian region. In S E Asian region, PX prices increased in the range of US$ 1525/ton to US$ 1530/ton. In F E Asian market, PX prices were quoted at US$ 1525/ton. Prices of PX imported from Taiwanese market went down and were assessed in the range of US$ 1530/ton to US$ 1535/ton.

PTA prices increased in Asian markets. In S E Asian market, PTA prices surged in the range of US$ 1085ton to US$ 1090/ton. In F E Asian market, PTA prices were offered at US$ 1085/ton. Prices of PTA imported from Taiwanese market went down in the range of US$ 1070/ton to US$ 1075/ton. In the Chinese domestic market, PTA prices surged in the range of RMB 8400/ton to RMB 8450/ton.

Ethylene prices remained steady in the Asian region. In S E Asian market, Ethylene prices stayed stable in the range of US$ 1370/ton to US$ 1375/ton. In F E Asian region, Ethylene prices were assessed at US$ 1275/ton. In the US market, Ethylene prices remained stable in the range of 57.00 cents/pound to 57.50 cents/pound. Ethylene prices continued to be stable in European international and domestic markets, and were quoted at US$ 1410/ton and € 1210/ton, respectively.

MEG prices surged in Asian markets. In S E Asian region, MEG prices increased and were offered at US$ 1110/ton. In China market, MEG prices went down in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices surged in the range of RMB 8300/ton to RMB 8350/ton.

In S E Asian region, BG PET Chips prices continued to be steady in the range of US$ 1340/ton to US$ 1370/ton. In F E Asian market, selling offers were around US$ 1320/ton for export goods. In the Chinese market, BG PET Chips prices kept unchanged at RMB 10650/ton.

In Korean market, FG PET Chips prices were steady in the range of US$ 1210/ton to US$ 1250/ton. In Indian market, FOB based prices were quoted in the range of US$ 1250/ton to US$ 1290/ton. In the Chinese market, FG PET Chips prices stayed stable and were offered in the range of RMB 10300/ton to RMB 10350/ton.

PSF prices increased in Asian markets. In F E Asian market, PSF prices were offered at US$ 1565/ton. In S E Asian market, PSF selling offers were offered at US$ 1465/ton. In the Chinese domestic market, PSF prices were steady in the range of RMB 10975/ton to RMB 11025/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged and were assessed at RMB 11350/ton, RMB 12700/ton and RMB 11250/ton, respectively. In export market, offers for POY, DTY and FDY stayed steady and were assessed at US$ 1530/ton, US$ 1710/ton and US$ 1500/ton, respectively.

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Fibre2fashion News Desk - India

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