MEG prices decline in Chinese markets

13 Sep '13

3 min read

Paraxylene (PX) prices stayed steady in Asian markets. In the Southeast Asian region, PX prices remained stable and were quoted in the range of US$ 1495/ton to US$ 1500/ton. In the Far East Asian market, PX prices were assessed at US$ 1480/ton. Prices of PX imported from the Taiwanese market declined and were assessed in the range of US$ 1495/ton to US$ 1500/ton.

PTA prices remained steady in the Asian region. In the Southeast Asian market, PTA prices kept unchanged and were quoted in the range of US$ 1070/ton to US$ 1075/ton. In the Far East Asian market, PTA prices were assessed at US$ 1070/ton. Prices of PTA imported from the Taiwanese market remained steady and were assessed in the range of US$ 1065/ton to US$ 1070/ton. In the Chinese domestic market, PTA prices remained steady and were assessed in the range of RMB 7650/ton to RMB 7700/ton.

Ethylene prices remained stable in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1370/ton to US$ 1375/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1240/ton. In the US market, Ethylene prices declined and were assessed in the range of 53.00 cents/pound to 53.50 cents/pound. Ethylene prices remained stable in the European international and domestic markets, and were offered at US$ 1450/ton and €1140/ton, respectively.

MEG prices plunged in the Asian region. In the S E Asian region, MEG prices declined and were quoted at US$ 1080/ton. In the Chinese international market, MEG prices decreased and were assessed in the range of US$ 1075/ton to US$ 1080/ton. In the Chinese domestic market, MEG prices dropped down and were assessed in the range of RMB 7875/ton to RMB 7925/ton.

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

In the Korean market, FG PET Chips prices were steady in the range of US$ 1260/ton to US$ 1290/ton. In the Indian market, FOB based prices remained stable in the range of US$ 1310/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices declined and were quoted in the range of RMB 9525/ton to RMB 9575/ton.

PSF prices remained steady in the Asian region. In the Far East Asian market, PSF prices were offered at US$ 1520/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1420/ton. In the Chinese domestic market, PSF prices fell and were offered in the range of RMB 10200/ton to RMB 10250/ton.

In the Chinese domestic market, prices of Polyester POY and DTY were steady at RMB 10700/ton and RMB 12250/ton respectively, while FDY prices declined to RMB 10700/ton. In the export market, offers for POY and DTY remained unchanged at US$ 1495/ton, US$ 1705/ton, respectively while prices of FDY declined to US$ 1480/ton.

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Fibre2fashion News Desk - India

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