Home / Knowledge / News / Textiles / Ethylene prices plunge in US market
Ethylene prices plunge in US market
26
Feb '14
Paraxylene (PX) prices remained stable in Asian markets. In the S E Asian region, PX prices remained unchanged and were quoted in the range of US$ 1235/ton to US$ 1240/ton. In the F E Asian market, PX prices remained stable and were assessed at US$ 1215/ton. Prices of PX imported from the Taiwanese market declined and were quoted in the range of US$ 1235/ton to US$ 1240/ton.
 
PTA prices declined in Asian markets. In the S E Asian market, PTA prices dipped and were quoted in the range of US$ 900/ton to US$ 905/ton. In the F E Asian market, PTA prices plunged and were assessed at US$ 900/ton. Prices of PTA imported from the Taiwanese market decreased and were quoted in the range of US$ 895/ton to US$ 900/ton. In the Chinese domestic market, PTA prices remained unchanged and were quoted in the range of RMB 6300/ton to RMB 6350/ton.
 
Ethylene prices followed a mixed trend in Asian market. In the S E Asian market, Ethylene prices increased and were quoted in the range off US$ 1415/ton to US$ 1420/ton. In the F E Asian region, Ethylene prices remained unchanged and were assessed at US$ 1410/ton. In the US market, Ethylene prices plunged and were quoted in the range of 51.00 cents/pound to 51.50 cents/pound. Ethylene prices remained stable in the European international as well as domestic market and were quoted at US$ 1265/ton and € 950/ton, respectively.
 
MEG prices increased in Asian markets. In the S E Asian region, MEG price surged and were assessed at US$ 925/ton. In the Chinese international market, MEG prices decreased and were quoted in the range of US$ 910/ton to US$ 915/ton. In the Chinese domestic market, MEG price remained unchanged and were assessed in the range of RMB 6700/ton to RMB 6750/ton.
 
In the S E Asian region, BG PET Chips remained stable and were quoted in the range of US$ 1300/ton to US$ 1340/ton, and some deals were discussed in the range of US$ 1310/ton to US$ 1350/ton. In the F E Asian market, selling offers were quoted at US$ US$ 1320/ton to US$ 1360/ton, while talked prices were between US$ 1310/ton to US$ 1350/ton. In the Chinese market, BG PET Chips prices remained unchanged and were assessed in the range of RMB 8350/ton to RMB 8400/ton.
 
In the Korean market, FG PET Chips prices maintained a steady trend and were quoted in the range of US$ 1130/ton to US$ 1160/ton. In the Indian market, FOB based prices were assessed in the range of US$ 1190/ton to US$ 1240/ton. In the Chinese market, FG PET Chips prices remained unchanged and were assessed in the range of RMB 8400/ton to RMB 8450/ton.
 
PSF prices remained stable in Asian markets. In the F E Asian market, PSF prices were quoted at US$ 1505/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1405/ton. In the Chinese domestic market, PSF prices remained unchanged and were quoted in the range of RMB 9275/ton to RMB 9325/ton. 
 
In Chinese domestic market, Polyester POY, DTY and FDY prices remained unchanged and were assessed at RMB 9325/ton, RMB 11200/ton and RMB 9650/ton, respectively. In the export market, prices of POY, DTY, and FDY remained stable and were assessed at US$ 1290/ton, US$ 1550/ton, and US$ 1325/ton, respectively.
 
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Fibre2fashion News Desk - India


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