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MEG prices surge in Southeast Asian region
21
Jan '14
Paraxylene (PX) plunged in Asian markets. In the S E Asian region, PX prices declined and were quoted in the range of US$ 1330/ton to US$ 1335/ton. In the F E Asian market, PX prices decreased and were assessed at US$ 1310/ton. Prices of PX imported from the Taiwanese market dipped and were quoted in the range of US$ 1335/ton to US$ 1340/ton.
 
In the S E Asian market, PTA prices surged and were assessed in the range of US$ 970/ton to US$ 975/ton. In the F E Asian market, PTA prices increased and were quoted at US$ 965/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 955/ton to US$ 960/ton. In the Chinese domestic market, PTA prices remained unchanged and were assessed in the range of RMB 6750/ton to RMB 6800/ton.
 
Ethylene prices showed a mixed trend in Asian markets. In the S E Asian market, Ethylene prices declined and were assessed in the range of US$ 1475/ton to US$ 1480/ton. In the F E Asian region, Ethylene prices remained stable and were quoted at US$ 1475/ton. In the US market, Ethylene prices remained unchanged and were assessed in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1325/ton and € 980/ton, respectively.
 
In the S E Asian region, MEG prices surged and were assessed at US$ 1020/ton. In the Chinese international market, MEG prices increased and were quoted in the range of US$ 1005/ton to US$ 1010/ton. In the Chinese domestic market, MEG prices declined and were assessed in the range of RMB 7300/ton to RMB 7375/ton.
 
In the S E Asian region, BG PET Chips prices remained stable and were quoted in the range of US$ 1360/ton to US$ 1400/ton, and some deals were discussed in the range of US$ 1350/ton to US$ 1370/ton. In the F E Asian market, selling offers remained stable and were assessed in the range of US$ 1360/ton to US$ 1390/ton, while talked prices were between US$ 1340/ton and US$ 1370/ton. In the Chinese market, BG PET Chips prices remained stable and were quoted at RMB 9100/ton.
 
In the Korean market, FG PET Chips prices remained unchanged 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 Chips prices remained stable and were assessed in the range of RMB 9000/ton to RMB 9050/ton.
 
PSF prices maintained a steady trend 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 9650/ton to RMB 9700/ton.
 
In Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were quoted at RMB 9600/ton, RMB 11450/ton and RMB 10250/ton, respectively. In the export market, prices of POY, DTY, and FDY declined and were quoted at US$ 1335/ton, US$ 1600/ton, and US$ 1425/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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