PX prices up but MEG down in Southeast Asia

30 Dec '14

3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 855 and 860 per ton. In the FE Asian market, PX prices increased to US$ 835 per ton. Prices of PX imported from the Taiwanese market were stable in a range of US$ 835 to 840 per ton.

PTA prices remained unchanged 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 increased to a range of RMB 4595 to 4645 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 995 and 1000 per ton. In the FE Asian market, Ethylene prices were stable at US$ 900 per ton. In the US market, Ethylene prices were stable ranging between 42.00 and 42.50 cents per pound. Ethylene prices were stable in the European international market at US$ 960 per ton, while prices declined in the domestic market to € 785 per ton.

MEG prices declined in Asia. In SE Asia, MEG prices decreased to US$ 770 per ton. In the Chinese international market, MEG prices were stable ranging between US$ 765 and 770 per ton. In the Chinese domestic market, MEG prices were stable in a range of RMB 5780 to 5830 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 declined ranging between RMB 6600 and 6650 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range of US$ 915 to 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 declined ranging between RMB 6325 and 6375 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 1045 per ton. In the SE Asian market, PSF selling prices were stable at US$ 945 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 7325 and 7350 per ton.

In the Chinese domestic market, prices of Polyester POY and FDY decreased to RMB 7750 per ton and RMB 7600 per ton, respectively, while DTY prices were stable at RMB 9800 per ton. In the export market, offers for POY and FDY decreased to US$ 1020 per ton and US$ 985 per ton, respectively, while DTY prices were stable at US$ 1305 per ton.

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Fibre2fashion News Desk - India

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