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PTA prices decline in Southeast Asian markets

15 Oct '13
3 min read

Paraxylene (PX) prices stayed steady in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were assessed in the range of US$ 1470/ton to US$ 1475/ton. In the Far East Asian market, PX prices were offered at US$ 1455/ton. Prices of PX imported from the Taiwanese market remained steady and were offered in the range of US$ 1475/ton to US$ 1480/ton.
 
PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices plunged and were quoted in the range of US$ 1035/ton to US$ 1040/ton. In the Far East Asian market, PTA prices were quoted at US$ 1035/ton. Prices of PTA imported from the Taiwanese market increased and were offered in the range of US$ 1045/ton to US$ 1050/ton. In the Chinese domestic market, PTA prices remained stable and were quoted in the range of RMB 7575/ton to RMB 7625/ton.
 
Ethylene prices remained steady in Asian markets. In the Southeast Asian market, Ethylene prices were unchanged and were assessed in the range of US$ 1465/ton to US$ 1470/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1365/ton. In the US market, Ethylene prices surged and were offered in the range of 44.00 cents/pound to 44.50 cents/pound. Ethylene prices kept unchanged in the European international as well as domestic markets and were offered at US$ 1300/ton and €1035/ton, respectively.     
 
MEG prices remained stable in the Asian region. In the Southeast Asian region, MEG prices were assessed at US$ 1065/ton. In the Chinese international market, MEG prices surged and were offered in the range of US$ 1055/ton to US$ 1060/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7825/ton to RMB 7875/ton.
 
In the Southeast Asian region, BG PET Chips prices were steady in the range of US$ 1380/ton to US$ 1420/ton, and some deals were discussed in the range of US$ 1370/ton to US$ 1410/ton. In the Far East Asian market, selling offers were steady in the range of US$ 1390/ton to US$ 1420/ton, while talked prices were quoted between US$ 1380/ton and US$ 1410/ton. In the Chinese market, BG PET Chips price remained stable and were assessed at RMB 9600/ton.
 
In the Korean market, FG PET Chips prices remained unchanged and were quoted in the range of US$ 1220/ton to US$ 1250/ton. In the Indian market, FOB based prices stayed steady in the range of US$ 1270/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices were steady in the range of RMB 9125/ton to RMB 9150/ton.
 
PSF prices remained steady in the Asian region. In the Far East Asian market, PSF prices were assessed at US$ 1500/ton. In the Southeast Asian market, PSF selling prices were offered at US$ 1400/ton. In the Chinese domestic market, PSF prices were unchanged in the range of RMB 9875/ton to RMB 9925/ton.
 
In the Chinese domestic market, prices of Polyester POY and FDY remained stable at RMB 10100/ton and RMB 10325/ton, respectively, while DTY declined to RMB 12025/ton. In the export market, offers for POY and FDY were steady at US$ 1400/ton and US$ 1420/ton, respectively, while DTY declined to US$ 1670/ton.
 
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Fibre2fashion News Desk - India

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