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MEG prices surge in Chinese domestic market

23 Jul '13
3 min read

Paraxylene (PX) prices stayed stable in Asian markets. In the Southeast Asian region, PX prices remained steady and were assessed in the range of US$ 1460/ton to US$ 1465/ton. In the Fareast Asian market, PX prices were quoted at US$ 1445/ton. Prices of PX imported from Taiwanese market increased and were offered in the range of US$ 1465/ton to US$ 1470/ton. 
           
PTA prices increased in the Asian region. In the Southeast Asian market, PTA prices went up in the range of US$ 1075/ton to US$ 1080/ton. In the Fareast Asian market, PTA prices were assessed at US$ 1080/ton. Prices of PTA imported from Taiwanese market increased and were quoted in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices stayed steady and were offered in the range of RMB 7725/ton to RMB 7775/ton.   
 
Ethylene prices were steady in Asian markets. In the Southeast Asian market, Ethylene prices were offered in the range of US$ 1230/ton to US$ 1235/ton. In the Fareast Asian region, Ethylene prices were quoted at US$ 1200/ton. In the US market, Ethylene prices were steady and assessed in the range of 54.00 cents/pound to 54.50 cents/pound. Ethylene prices were stable in the European international and domestic markets, and were quoted at US$ 1325/ton and €1045/ton, respectively.  
   
MEG prices surged in Asia. In the Southeast Asian region, MEG prices increased and were offered at US$ 1080/ton. In the Chinese international market, MEG prices declined in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, MEG prices went up and were quoted in the range of RMB 7750/ton to RMB 7800/ton.           
 
In the Southeast Asian region, BG PET Chips prices were stable in the range of US$ 1390/ton to US$ 1430/ton and some deals were discussed at around US$ 1380/ton to US$ 1400/ton. In the Fareast Asian market, selling offers declined at US$ 1390/ton to US$ 1430/ton, while talked prices were offered between US$ 1370/ton and US$ 1390/ton. In the Chinese market, BG PET Chips prices remained unchanged and were quoted at RMB 9900/ton.
 
In the Korean market, FG PET Chips prices went down in the range of US$ 1220/ton to US$ 1250/ton. In Indian market, FOB based prices shot up in the range of US$ 1270/ton to US$ 1310/ton. In the Chinese market, FG PET Chips prices increased and were quoted in the range of RMB 9350/ton to RMB 9400/ton.
 
PSF prices surged in Asian markets. In the Fareast Asian market, PSF prices were quoted at US$ 1470/ton. In the Southeast Asian market, PSF prices were assessed at US$ 1370/ton. In the Chinese domestic market, PSF prices were steady and offered in the range of RMB 10175/ton to RMB 10225/ton.
 
In the Chinese domestic market, prices of Polyester POY stayed steady at RMB 10350/ton, while DTY and FDY increased at RMB 12000/ton, and RMB 10450/ton, respectively. In the export market, prices for POY, DTY, and FDY increased at US$ 1435/ton, US$ 1660/ton, and US$ 1435/ton, respectively.  
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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