Southeast Asian PX, MEG & PSF markets show downtrend

30 Sep '14

3 min read

Paraxylene (PX) prices decreased in Asian markets. In the S E Asian region, PX prices plunged and were offered in the range of US$ 1245/ton to US$ 1250/ton. In the F E Asian market, PX prices declined and were quoted at US$ 1230/ton. Prices of PX imported from the Taiwanese market kept inert and were offered in the range of US$ 1260/ton to US$ 1265/ton.

PTA prices kept stable in the Asian region. In the S E Asian market, PTA prices kept steady and were quoted in the range of US$ 915/ton to US$ 920/ton. In the F E Asian market, PTA prices remained stable and were offered at US$ 895/ton. Prices of PTA imported from the Taiwanese market stayed steady and were quoted in the range of US$ 890/ton to US$ 895/ton. In the Chinese domestic market, PTA prices inched down and were offered in the range of RMB 6495/ton to RMB 6545/ton.

Ethylene prices remained stable in Asian markets. In the S E Asian market, Ethylene prices kept stable and were assessed in the range of US$ 1510/ton to US$ 1515/ton. In the F E Asian region, Ethylene prices kept steady and were quoted at US$ 1515/ton. In the US market, Ethylene prices remained unchanged in the range of 70.50 cents/pound to 71.00 cents/pound. Ethylene prices kept stable in the European international as well as in domestic markets and were quoted at US$ 1120/ton and € 910/ton, respectively.

MEG prices dropped in the Asian region. In the S E Asian region, MEG prices declined and were quoted at US$ 900/ton. In the Chinese international market, MEG prices kept stable and were offered in the range of US$ 895/ton to US$ 900/ton. In the Chinese domestic market, MEG prices moved down and were assessed in the range of RMB 6480/ton to RMB 6530/ton.

In the S E Asian region, prices of BG PET Chips kept stable in the range of US$ 1230/ton to US$ 1270/ton, and some deals were concluded in the range of US$ 1240/ton to US$ 1280/ton. In the F E Asian market, selling offers remained steady in the range of US$ 1250/ton to US$ 1290/ton, while talked prices were quoted in the range of US$ 1260/ton to US$ 1300/ton. In the Chinese market, BG PET Chips’ prices kept stable and were assessed in the range of RMB 8575/ton to RMB 8625/ton.

In the Korean market, prices of FG PET Chips kept inert and were assessed in the range of US$ 1090/ton to US$ 1110/ton. In the Indian market, FOB based prices were in the range of US$ 1100/ton to US$ 1140/ton. In the Chinese market, FG PET Chips’ prices showed down trend and were offered in the range of RMB 8250/ton to RMB 8300/ton.

PSF prices plunged in the Asian region. In the F E Asian market, PSF prices declined to US$ 1305/ton. In the S E Asian market, PSF selling prices fell to US$ 1205/ton. In the Chinese domestic market, PSF prices decreased and were quoted in the range of RMB 8950/ton to RMB 8975/ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY kept inert at RMB 9200/ton, RMB 11250/ton and RMB 9550/ton, respectively. In the export market, offers for POY, DTY and FDY declined to US$ 1255/ton, US$ 1545/ton and US$ 1295/ton, respectively.

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Fibre2fashion News Desk - India

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