PTA & MEG prices decline in Chinese domestic market

26 Nov '14

3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices decreased in SE Asia, ranging between US$ 1045 to 1050 per ton. In the FE Asian market, PX prices plunged to US$ 1025 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 1050 to 1055 per ton.

PTA prices declined in Asia. SE Asian market witnessed a decrease in PTA prices ranging between US$ 780 and 785 per ton. In the FE Asian market, PTA prices plunged to US$ 765 per ton. Prices of PTA imported from the Taiwanese market went down to a range of US$ 775 to 780 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 5645 to 5695 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 1210 and 1215 per ton. In the FE Asian market, Ethylene prices were stable at US$ 1130 per ton. In the US market, Ethylene prices were stable ranging between 53.00 and 53.50 cents per pound. Ethylene prices went down in the European international as well as in domestic markets to US$ 1210 per ton and € 1025 per ton, respectively.

MEG prices plunged in Asia. In SE Asia, MEG prices decreased to US$ 895 per ton. In the Chinese international market, MEG prices were stable ranging between US$ 895 and 900 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 6630 to 6680 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 1160 and 1200 per ton, and some deals were concluded in the range of US$ 1170 to 1210 per ton. In the FE Asian market, selling offers were stable in the range of US$ 1180 to 1220 per ton, while talked prices were assessed in the range of US$ 1190 to 1230 per ton. In the Chinese market, BG PET Chips’ prices went up ranging between RMB 8050 and 8100 per ton.

In the Korean market, prices of FG PET Chips remained unaffected between US$ 1030 and 1070 per ton. In the Indian market, FOB based prices hovered in the range of US$ 1040 to 1080 per ton. In the Chinese market, FG PET Chips’ prices were stable ranging between RMB 7650 and 7700 per ton.

PSF prices climbed up in Asia. In the FE Asian market, PSF prices increased to US$ 1220 per ton. In the SE Asian market, PSF selling prices went up to US$ 1120 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 8350 and 8375 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 9100 per ton, RMB 10750 per ton and RMB 8900 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 1245 per ton, US$ 1470 per ton and US$ 1195 per ton, respectively.

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Fibre2fashion News Desk - India

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