PX & PTA prices drop in Southeast & Far East Asian markets

28 Apr '14

3 min read

Paraxylene (PX) prices showed mixed trend in Asian markets. In the S E Asian region, PX prices declined and were offered in the range of US$ 1200/ton to US$ 1205/ton. In the F E Asian market, PX prices dropped and were assessed at US$ 1185/ton. Prices of PX imported from the Taiwanese market surged and were offered in the range of US$ 1205/ton to US$ 1210/ton.

PTA prices declined in the Asian region. In the S E Asian market, PTA prices plunged and were offered in the range of US$ 880/ton to US$ 885/ton. In the F E Asian market, PTA prices fell and were assessed at US$ 880/ton. Prices of PTA imported from the Taiwanese market kept inert and were quoted in the range of US$ 880/ton to US$ 885/ton. In the Chinese domestic market, PTA prices remained steady and were quoted in the range of RMB 6120/ton to RMB 6170/ton.

Ethylene prices increased in Asian markets. In the S E Asian market, Ethylene prices surged and were offered in the range of US$ 1460/ton to US$ 1465/ton. In the F E Asian region, Ethylene prices increased and were offered at US$ 1385/ton. In the US market, Ethylene prices increased and were quoted in the range of 56.50 cents/pound to 57.50 cents/pound. Ethylene prices declined in the European international as well as in domestic markets and were assessed at US$ 1155/ton and € 855/ton, respectively.

MEG prices declined in Asian markets. In the S E Asian region, MEG prices decreased and were quoted at US$ 920/ton. In the Chinese international market, MEG prices remained steady and were assessed in the range of US$ 915/ton to US$ 920/ton. In the Chinese domestic market, MEG prices kept unchanged in the range of RMB 6700/ton to RMB 6760/ton.

In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1350/ton to US$ 1390/ton, and some deals were concluded in the range of US$ 1360/ton to US$ 1400/ton. In the F E Asian market, selling offers kept steady in the range of US$ 1370/ton to US$ 1410/ton, while talked prices were quoted in the range of US$ 1380/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices declined and were assessed in the range of RMB 8525/ton to RMB 8575/ton.

In the Korean market, FG PET Chips prices remained steady and were quoted in the range of US$ 1170/ton to US$ 1210/ton. In the Indian market, FOB based prices were offered in the range of US$ 1230/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices remained steady and were assessed in the range of RMB 8300/ton to RMB 8350/ton.

PSF prices remained stable in the Asian region. In the F E Asian market, PSF prices were offered at US$ 1470/ton. In the S E Asian market, PSF selling prices were assessed at US$ 1370/ton. In the Chinese domestic market, PSF prices fell and were quoted in the range of RMB 8725/ton to RMB 8775/ton.

In the Chinese domestic market, prices of Polyester POY and FDY decreased to RMB 9250/ton and RMB 9575/ton, while DTY prices stayed stable at RMB 10900/ton. In the export market, offers for POY and FDY declined to US$ 1245/ton and US$ 1280/ton, while DTY prices were steady at US$ 1470/ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...