Home / Knowledge / News / Textiles / PTA and MEG prices move up in Chinese domestic market
PTA and MEG prices move up in Chinese domestic market
15
Oct '14
Paraxylene (PX) prices increased in Asian markets. In the S E Asian region, PX prices went up and were offered in the range of US$ 1080/ton to US$ 1085/ton. In the F E Asian market, PX prices inched up and were quoted at US$ 1065/ton. Prices of PX imported from the Taiwanese market decreased and were offered in the range of US$ 1075/ton to US$ 1080/ton.
 
PTA prices moved up in the Asian region. In the S E Asian market, PTA prices climbed up and were quoted in the range of US$ 800/ton to US$ 805/ton. In the F E Asian market, PTA prices increased and were offered at US$ 780/ton. Prices of PTA imported from the Taiwanese market decreased and were quoted in the range of US$ 770/ton to US$ 775/ton. In the Chinese domestic market, PTA prices increased and were offered in the range of RMB 5775/ton to RMB 5825/ton.
 
Ethylene prices showed mixed trend in Asian markets. In the S E Asian market, Ethylene prices went down and were assessed in the range of US$ 1455ton to US$ 1460/ton. In the F E Asian region, Ethylene prices kept stable and were quoted at US$ 1450/ton. In the US market, Ethylene prices kept inert and were assessed in the range of 66.50 cents/pound to 67.00 cents/pound. Ethylene prices remained stable in the European international as well as in domestic markets and were quoted at US$ 1180/ton and € 1000/ton, respectively.
 
MEG prices shot up in Asian markets. In the S E Asian region, MEG prices went up and were quoted at US$ 805/ton. In the Chinese international market, MEG prices fell and were assessed in the range of US$ 770/ton to US$ 775/ton. In the Chinese domestic market, MEG prices moved up and were assessed in the range of RMB 5850/ton to RMB 5900/ton.
 
In the S E Asian region, prices of BG PET Chips kept stable in the range of US$ 1220/ton to US$ 1260/ton, and some deals were concluded in the range of US$ 1230/ton to US$ 1270/ton. In the F E Asian market, selling offers kept unchanged in the range of US$ 1240/ton to US$ 1280/ton, while talked prices were quoted in the range of US$ 1250/ton to US$ 1290/ton. In the Chinese market, BG PET Chips’ prices dropped and were assessed in the range of RMB 7875/ton to RMB 7925/ton.
 
In the Korean market, prices of FG PET Chips kept stable and were assessed in the range of US$ 1080/ton to US$ 1100/ton. In the Indian market, FOB based prices hovered in the range of US$ 1090/ton to US$ 1130/ton. In the Chinese market, FG PET Chips prices kept inert and were offered in the range of RMB 7425/ton to RMB 7475/ton.
 
PSF prices declined in the Asian region. In the F E Asian market, PSF prices declined to US$ 1225/ton. In the S E Asian market, PSF selling prices plunged to US$ 1125/ton. In the Chinese domestic market, PSF prices decreased and were quoted in the range of RMB 8400/ton to RMB 8425/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY kept inert at RMB 8550/ton, RMB 10650/ton and RMB 8750/ton, respectively. In the export market, offers for POY, DTY and FDY remained stable at US$ 1160/ton, US$ 1460/ton and US$ 1175/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India


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