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Polyester POY prices decline in Chinese domestic market
22
Aug '14
Paraxylene (PX) prices declined in Asian markets. In the S E Asian region, PX prices went down and were quoted in the range of US$ 1340/ton to US$ 1345/ton. In the F E Asian market, PX prices also plunged and were assessed at US$ 1320/ton. Prices of PX imported from the Taiwanese market remained steady and were quoted in the range of US$ 1355/ton to US$ 1360/ton.
 
PTA prices continuously surged in the Asian region. In the S E Asian market, PTA prices went up and were offered in the range of US$ 1035/ton to US$ 1040/ton. In the F E Asian market, PTA prices increased and were quoted at US$ 1015/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices declined marginally and were quoted in the range of RMB 7300/ton to RMB 7350/ton.
 
Ethylene prices showed mixed sentiments in Asian markets. In the S E Asian market, Ethylene prices increased and were quoted in the range of US$ 1490/ton to US$ 1495/ton. In the F E Asian region, Ethylene prices kept inert and were quoted at US$ 1490/ton. In the US market, Ethylene prices went up and were offered in the range of 66.50 cents/pound to 67.00 cents/pound. Ethylene prices remained stable in the European international market at US$ 1280/ton, and declined in domestic market to € 1000/ton.
 
MEG prices inched down in Asian markets. In the S E Asian region, MEG prices declined and were offered at US$ 995/ton. In the Chinese international market, MEG prices kept inert and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices remained stable in the range of RMB 7400/ton to RMB 7450/ton.
 
In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1345/ton to US$ 1385/ton, and some deals were concluded in the range of US$ 1355/ton to US$ 1395/ton. In the F E Asian market also, selling offers were stable in the range of US$ 1360/ton to US$ 1400/ton, while talked prices were offered in the range of US$ 1370/ton to US$ 1410/ton. In the Chinese market, BG PET Chips prices kept steady and were quoted in the range of RMB 9150/ton to RMB 9200/ton.
 
In the Korean market, FG PET Chips prices kept inert and were quoted in the range of US$ 1190/ton to US$ 1200/ton. In the Indian market, FOB based prices were in the range of US$ 1220/ton to US$ 1250/ton. In the Chinese market, FG PET Chips prices remained steady and were offered in the range of RMB 9150/ton to RMB 9200/ton.
 
PSF prices remained steady in the Asian region. In the F E Asian market, PSF prices kept inert at US$ 1435/ton. In the S E Asian market, PSF selling prices remained stable at US$ 1335/ton. In the Chinese domestic market, PSF prices kept steady and were quoted in the range of RMB 9800/ton to RMB 9850/ton.
 
In the Chinese domestic market, prices of Polyester POY declined to RMB 9750/ton, whereas DTY and FDY prices kept unchanged at RMB 11400/ton and RMB 10400/ton, respectively. In the export market, offers for POY also declined to US$ 1340/ton, whereas DTY and FDY prices remained stable at US$ 1570/ton and US$ 1425/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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