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PX prices plunge in Asian markets
10
Jan '14
Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices plunged and were quoted in the range of US$ 1390/ton to US$ 1395/ton. In the F E Asian market, PX prices decreased and were assessed at US$ 1370/ton. Prices of PX imported from the Taiwanese market dipped and were quoted in the range of US$ 1405/ton to US$ 1410/ton.
 
PTA prices plunged in the Asian region. In the S E Asian market, PTA prices decreased and were quoted in the range of US$ 975/ton to US$ 980/ton. In the F E Asian market, PTA prices declined and were assessed at US$ 975/ton. Prices of PTA imported from the Taiwanese market remained unchanged and were quoted in the range of US$ 980/ton to US$ 985/ton. In the Chinese domestic market, PTA prices declined and were assessed in the range of RMB 6825/ton to RMB 6875/ton.
 
Ethylene prices followed a mixed trend in Asian markets. In the S E Asian market, Ethylene prices declined and were assessed in the range of US$ 1485/ton to US$ 1490/ton. In the F E Asian region, Ethylene prices were quoted at US$ 1385/ton. In the US market, Ethylene prices increased and were assessed in the range of 58.50 cents/pound to 59.00 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1325/ton and € 995/ton, respectively.
 
In the S E Asian region, MEG price surged and were quoted at US$ 1000/ton. In the Chinese international market, MEG prices plunged and were assessed in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, MEG prices declined and were quoted in the range of RMB 7300/ton to RMB 7325/ton.
 
In the S E Asian region, BG PET Chip prices remained stable 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 between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET Chip prices remained unchanged and were quoted at RMB 9425/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 were quoted in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET Chip prices remained stable and were assessed in the range of RMB 9050/ton to RMB 9100/ton.
 
PSF prices remained stable in Asian markets. In the F E Asian market, PSF prices were quoted at US$1515/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1415/ton. In the Chinese domestic market, PSF prices remained unchanged and were quoted in the range of RMB 9800/ton to RMB 9850/ton.
 
In Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were quoted at RMB 9750/ton, RMB 11500/ton and RMB 10400/ton, respectively. In export market, prices of POY, DTY and FDY remained unchanged and were assessed at US$ 1365/ton, US$ 1610/ton and US$ 1450/ton, respectively.  
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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