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MEG prices surge in Asian markets
26
Nov '13
Paraxylene (PX) prices surged in Asian markets. In the Southeast Asian region, PX prices increased and were assessed in the range of US$ 1400/ton to US$ 1405/ton. In the Far East Asian market, PX prices maintained a steady trend and were quoted at US$ 1390/ton. Prices of PX imported from the Taiwanese market remained stable and were assessed in the range of US$ 1405/ton to US$ 1410/ton.
 
PTA prices remained unchanged in the Asian region. In the Southeast Asian market, PTA prices remained unchanged and were quoted in the range of US$ 985/ton to US$ 990/ton. In the Far East Asian market, PTA prices were assessed at US$ 985/ton. Prices of PTA imported from the Taiwanese market remained stable and were quoted in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, PTA prices remained unchanged and were assessed in the range of RMB 7225/ton to RMB 7275/ton.
 
Ethylene prices maintained a steady trend in Asian markets. In the Southeast Asian market, Ethylene prices remained unchanged and were quoted in the range of US$ 1410/ton to US$ 1415/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1300/ton. In the US market, Ethylene prices remained unchanged and were quoted in the range of 53.00 cents/pound to 53.50 cents/pound. Ethylene prices remained stable in the European international as well domestic market and were offered at US$ 1205/ton and € 970/ton, respectively.
 
MEG prices jumped in Asian markets. In the Southeast Asian region, MEG prices increased and were quoted at US$ 1020/ton. In the Chinese international market, MEG prices remained stable and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices increased and were assessed in the range of RMB 7350/ton to RMB 7400/ton.
 
In the Southeast Asian region, BG PET chip prices remained unchanged in the range of US$ US$ 1340/ton to US$ 1380/ton, and some deals were discussed at around US$ 1330/ton to US$ 1370/ton. In the Far East Asian market, selling offers remained stable at US$ 1360/ton to US$ 1390/ton, while talked prices were between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET chip prices remained unchanged and quoted at RMB 9525/ton.
 
In the Korean market, FG PET chip prices maintained a steady trend and were assessed in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices remained stable in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET chip prices remained unchanged and were assessed in the range of RMB 9175/ton to RMB 9225/ton.
 
 


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