MEG prices decline in Chinese international market

23 Dec '13

3 min read

Paraxylene (PX) prices decreased in Asian markets. In the S E Asian region, PX prices plunged down and were assessed in the range of US$ 1425/ton to US$ 1430/ton. In the F E Asian market, PX prices kept steady and were offered at US$ 1410/ton. Prices of PX imported from the Taiwanese market kept unchanged and were offered in the range of US$ 1435/ton to US$ 1440/ton.

PTA prices maintained steady trend in the Asian region. In the S E Asian market, PTA prices were stable in the range of US$ 990/ton to US$ 995/ton. In the F E Asian market, PTA prices were assessed at US$ 990/ton. Prices of PTA imported from the Taiwanese market declined and were assessed in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, PTA prices increased and were quoted in the range of RMB 7350/ton to RMB 7400/ton.

Ethylene prices increased in the Asian region. In the S E Asian market, Ethylene prices increased and were quoted in the range of US$ 1440/ton to US$ 1445/ton. In the F E Asian market, Ethylene prices were assessed at US$ 1385/ton. In the US market, Ethylene prices increased and were quoted in the range of 58.00 cents/pound to 58.50 cents/pound. Ethylene price increased in the European international market to US$ 1260/ton, while they remained unchanged at € 950/ton in the European domestic market.

MEG prices increased in the Asian region. In the S E Asian region, MEG prices increased and were quoted at US$ 1022/ton. In the Chinese international market, MEG prices declined and were assessed in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, MEG prices remained steady and were quoted in the range of RMB 7575/ton to RMB 7625/ton.

In the S E Asian region, BG PET Chip prices remained steady in the range of US$ 1340/ton to US$ 1380/ton, and some deals were discussed in the range of US$ 1330/ton to US$ 1370/ton. In the F E Asian market, selling offers remained stable at US$ 1360/ton to US$ 1390/ton, while talked prices were assessed between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET Chip prices decreased and were assessed at RMB 9450/ton.

In the Korean market, FG PET Chip prices were stable in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices were offered in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET Chip prices were steady in the range of RMB 9025/ton to RMB 9075/ton.

PSF prices remained stable in Asian markets. In the F E Asian market, PSF prices were quoted at US$ 1510/ton. In the S E Asian market, PSF selling prices were offered at US$ 1410/ton. In the Chinese domestic market, PSF prices remained steady and were quoted in the range of RMB 9825/ton to RMB 9875/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were offered at RMB 9800/ton, RMB 11500/ton and RMB 10400/ton, respectively. In export market, offers for POY, DTY and FDY kept unchanged and were quoted at US$ 1370/ton, US$ 1615/ton and US$ 1445/ton, respectively.

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Fibre2fashion News Desk - India

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