PTA and MEG prices increase in Asian region

04 Mar '14

3 min read

Paraxylene (PX) prices remained steady in Asian markets. In the S E Asian region, PX prices kept steady and were assessed in the range of US$ 1230/ton to US$ 1235/ton. In the F E Asian market, PX prices remained unchanged and were assessed at US$ 1210/ton. Prices of PX imported from the Taiwanese market kept steady and were offered in the range of US$ 1230/ton to US$ 1235/ton.

PTA prices increased in the Asian region. In the S E Asian market, PTA prices surged and were assessed in the range of US$ 885/ton to US$ 890/ton. In the F E Asian market, PTA prices increased to US$ 885/ton. Prices of PTA imported from the Taiwanese market plunged and were quoted in the range of US$ 875/ton to US$ 880/ton. In the Chinese domestic market, PTA prices kept inert and were assessed in the range of RMB 6200/ton to RMB 6250/ton.

Ethylene prices kept inert in Asian markets. In the S E Asian market, Ethylene prices remained steady in the range off US$ 1425/ton to US$ 1430/ton. In the F E Asian region, Ethylene prices kept inert and were quoted at US$ 1425/ton. In the US market, Ethylene prices remained stable in the range of 52.00 cents/pound to 52.50 cents/pound. Ethylene prices remained steady in the European international and domestic markets and were offered at US$ 1260/ton and € 935/ton, respectively.

MEG prices went up in the Asian region. In the S E Asian region, MEG prices surged and were quoted at US$ 910/ton. In the Chinese international market, MEG prices went down and were assessed in the range of US$ 885/ton to US$ 890/ton. In the Chinese domestic market, MEG prices increased and were quoted in the range of RMB 6600/ton to RMB 6650/ton.

In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1280/ton to US$ 1320/ton, and some deals were discussed in the range of US$ 1290/ton to US$ 1330/ton. In the F E Asian market, selling offers kept steady and were quoted at US$ US$ 1300/ton to US$ 1340/ton, while talked prices were offered between US$ 1310/ton and US$ 1350/ton. In the Chinese market, BG PET Chips prices declined and were assessed in the range of RMB 8300/ton to RMB 8350/ton.

In the Korean market, FG PET Chips prices stayed steady and were assessed in the range of US$ 1110/ton to US$ 1150/ton. In the Indian market, FOB based prices were quoted in the range of US$ 1170/ton to US$ 1220/ton. In the Chinese market, FG PET Chips prices plunged and were quoted in the range of RMB 8050/ton to RMB 8050/ton.

PSF prices remained steady in the Asian region. In the F E Asian market, PSF prices were assessed at US$ 1495/ton. In the S E Asian market, PSF selling prices were quoted at US$ 1395/ton. In the Chinese domestic market, PSF prices decreased and were offered in the range of RMB 9000/ton to RMB 9050/ton.

In the Chinesedomestic market, Polyester POY, DTY and FDY prices remained steady and were offered at RMB 9000/ton, RMB 11000/ton and RMB 9450/ton, respectively. In the export market, offers for POY, DTY, and FDY kept inert at US$ 1225/ton, US$ 1505/ton, and US$ 1280/ton, respectively.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...