PTA prices jump in Southeast Asian market

23 Nov '12

3 min read

Paraxylene (PX) prices were stable in Asian markets. In S E Asian region, PX prices stayed unchanged in the range of US$ 1550/ton to US$ 1555/ton. In F E Asian market, PX prices were quoted at US$ 1545/ton. Prices of PX imported from Taiwanese market went down and were assessed in the range of US$ 1560/ton to US$ 1565/ton.

PTA prices increased in the Asian region. In S E Asian market, PTA prices surged in the range of US$ 1105/ton to US$ 1110/ton. In F E Asian market, PTA prices were assessed at US$ 1110/ton. Prices of PTA imported from Taiwanese market remained steady in the range of US$ 1100/ton to US$ 1105/ton. In the Chinese domestic market, PTA prices kept steady in the range of RMB 8125/ton to RMB 8175/ton.

Ethylene prices showed mixed trend in Asian markets. In S E Asian market, Ethylene prices went down in the range of US$ 1140/ton to US$ 1145/ton. In F E Asian region, Ethylene prices were quoted at US$ 1210/ton. In the US market, Ethylene prices were steady in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices went down in European international and domestic markets, and were assessed at US$ 1240/ton and € 1105/ton, respectively.

MEG prices stayed steady in the Asian region. In S E Asian region, MEG prices remained stable and were quoted at US$ 1060/ton. In China market, MEG prices declined in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, MEG prices were stable in the range of RMB 7650/ton to RMB 7700/ton.

In S E Asian region, BG PET Chips prices kept stable in the range of US$ 1420/ton to US$ 1450/ton and some deals were discussed in the range of US$ 1410/ton to US$ 1430/ton. In F E Asian market, selling offers were assessed in the range US$ 1380/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices remained steady at RMB 9975/ton.

In Korean market, FG PET Chips prices were stable in the range of US$ 1290/ton to US$ 1330/ton. In Indian market, FOB based prices were quoted in the range of US$ 1320/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices stayed stable and were offered in the range of RMB 9825/ton to RMB 9875/ton.

PSF prices remained steady in the Asian region. In F E Asian region, PSF prices were quoted at 1520/ton. In S E Asian market, PSF prices were offered at US$ 1420/ton. In the Chinese domestic market, PSF prices kept unchanged and were assessed in the range of RMB 10575/ton to RMB 10625/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were offered at RMB 10700/ton, RMB 12250/ton and RMB 10850/ton, respectively. In export market, offers for POY, DTY and FDY remained stable at US$ 1445/ton, US$ 1655/ton and US$ 1455/ton, respectively.

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Fibre2fashion News Desk - India

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