Polyester POY prices decline in Chinese market

31 Dec '14

3 min read

Paraxylene (PX) prices remained unchanged in Asian markets. PX prices were stable in SE Asia, where they ranged between US$ 855 and 860 per ton. In the FE Asian market, PX prices were stable at 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 ranging 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 and were assessed in a range of RMB 4560 to 4610 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 to 42.50 cents per pound. Ethylene prices were stable in the European international as well as in domestic markets at US$ 960 per ton and € 785 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 were stable ranging between US$ 765 and 770 per ton. In the Chinese domestic market, MEG prices decreased and were in a range of RMB 5750 to 5800 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 6600 and 6650 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 were stable 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 decreased to RMB 7700 per ton, while DTY and FDY prices were stable at RMB 9800 per ton and RMB 7600 per ton, respectively. In the export market, offers for POY prices declined to US$ 1015 per ton, while DTY prices increased to US$ 1310per ton and FDY prices were stable at US$ 985 per ton.

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Fibre2fashion News Desk - India

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