PSF prices surge in Asian markets

06 Sep '13

3 min read

Paraxylene (PX) prices maintained a steady trend in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were quoted in the range of US$ 1500/ton to US$ 1505/ton. In the Far East Asian market, PX prices were assessed at US$ 1480/ton. Prices of PX imported from the Taiwanese market remained stable and were assessed in the range of US$ 1500/ton to US$ 1505/ton.

PTA prices remained stable in the Asian region. In the Southeast Asian market, PTA prices remained unchanged in the range of US$ 1070/ton to US$ 1075/ton. In the Far East Asian market, PTA prices were quoted at US$ 1075/ton. Prices of PTA imported from the Taiwanese market declined and were assessed in the range of US$ 1070/ton to US$ 1075/ton. In the Chinese domestic market, PTA prices decreased and were quoted in the range of RMB 7690/ton to RMB 7740/ton.

Ethylene prices maintained a steady trend in Asian markets. In the Southeast Asian market, Ethylene prices were quoted in the range of US$ 1365/ton to US$ 1370/ton. In the

Far East Asian region, Ethylene prices were assessed at US$ 1230/ton. In the US market, Ethylene prices dipped and were quoted in the range of 52.50 cents/pound to 53.00 cents/pound. Ethylene prices remained stable in the European international and domestic market, and were assessed at US$ 1480/ton and €1185/ton, respectively.

MEG prices surged in Asian markets. In the Southeast Asian region, MEG prices increased and were assessed at US$ 1090/ton. In the Chinese international market, MEG prices declined and were quoted in the range of US$ 1070/ton to US$ 1075/ton. In the Chinese domestic market, MEG prices swelled and were assessed in the range of RMB 7950/ton to RMB 8000/ton.

In the Southeast Asian region, BG PET Chips prices maintained a steady trend and were quoted in the range of US$ 1450/ton to US$ 1490/ton, and some deals were discussed at around US$ 1440/ton to US$ 1480/ton. In the Far East Asian market, selling offers remained stable and were assessed in the range of US$ 1450/ton to US$ 1480/ton, while talked prices were between US$ 1440/ton and US$ 1470/ton. In the Chinese market, BG PET Chips prices declined and were assessed at RMB 10100/ton.

In the Korean market, FG PET Chips prices remained stable and were quoted in the range of US$ 1260/ton to US$ 1290/ton. In the Indian market, FOB based prices remained unchanged in the range of US$ 1310/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices dipped and were assessed in the range of RMB 9550/ton to RMB 9600/ton.

PSF prices swelled in Asian markets. In the Far East Asian market, PSF prices were quoted at US$ 1520/ton. In the Southeast Asian market, PSF selling prices were assessed at US$ 1420/ton. In the Chinese domestic market, PSF prices remained unchanged and were assessed in the range of RMB 10290/ton to RMB 10330/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY remained stable at RMB 10750/ton, RMB 12250/ton, and RMB 10800/ton, respectively. In the export market, prices of POY, DTY, and FDY surged and were quoted at US$ 1500/ton, US$ 1705/ton, and US$ 1495/ton, respectively.

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Fibre2fashion News Desk - India

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