Ethylene & PSF prices drop in Far East Asian markets

22 Dec '14

3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices increased in SE Asia, where they ranged between US$ 820 and 825 per ton. In the FE Asian market, PX prices went up to US$ 805 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 815 to 820 per ton.

PTA prices remained unaffected in Asia. SE Asian market witnessed stable trend in PTA prices, which ranged between US$ 640 and 645 per ton. In the FE Asian market, PTA prices were stable at US$ 625 per ton. Prices of PTA imported from the Taiwanese market were stable in a range of US$ 620 to 625 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4595 to 4645 per ton.

Ethylene prices declined in Asian markets. In the SE Asian market, Ethylene prices declined ranging between US$ 995 to 1000 per ton. In the FE Asian market, Ethylene prices plunged to US$ 900 per ton. In the US market, Ethylene prices increased and they ranged between 42.50 and 43.00 cents per pound. Ethylene prices declined in the European international as well as in domestic markets to US$ 990 per ton and € 805 per ton, respectively.

MEG prices remained unaffected in Asia. In SE Asia, MEG prices were stable at US$ 770 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 760 and 765 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5985 to 6035 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 1010 and 1050 per ton, and some deals were concluded in the range of US$ 1020 to 1060 per ton. In the FE Asian market, selling offers were stable in the range of US$ 1030 to 1070 per ton, while talked prices hovered in the range of US$ 1040 to 1080 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6875 and 6925 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 915 and 945 per ton. In the Indian market, FOB based prices hovered in the range of US$ 925 to 955 per ton. In the Chinese market, FG PET Chips’ prices increased and were assessed in the range of RMB 6425 to 6475 per ton.

PSF prices declined in Asia. In the FE Asian market, PSF prices plunged to US$ 1085 per ton. In the SE Asian market, PSF selling prices went down to US$ 985 per ton. In the Chinese domestic market, PSF prices decreased and were assessed between RMB 7575 and 7600 per ton.

In the Chinese domestic market, prices of Polyester POY increased to RMB 7850 per ton, while DTY and FDY prices were stable at RMB 9800 per ton and RMB 7700 per ton, respectively. In the export market, offers for POY increased to US$ 1035 per ton, while DTY and FDY prices were stable at US$ 1305 per ton and US$ 1000 per ton, respectively.

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Fibre2fashion News Desk - India

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