Asian PX, MEG & PSF prices show downtrend

02 Jan '15

3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 845 and 850 per ton. In the FE Asian market, PX prices decreased to US$ 825 per ton. Prices of PX imported from the Taiwanese market were stable in a range of US$ 835 to 840 per ton.

PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices, which ranged between US$ 650 and 655 per ton. In the FE Asian market, PTA prices went up to US$ 635 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 were stable in a range of RMB 4560 to 4610 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices declined and they ranged between US$ 990 and 995 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 declined in Asia. In SE Asia, MEG prices plunged to US$ 760 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 5715 to 5765 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 plunged in Asia. In the FE Asian market, PSF prices declined to US$ 1040 per ton. In the SE Asian market, PSF selling prices decreased to US$ 940 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 7300 and 7325 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7700 per ton, RMB 9800 per ton and RMB 7600 per ton, respectively. In the export market, offers for POY and FDY were stable at US$ 1015 per ton and US$ 985 per ton, respectively, while DTY prices declined to US$ 1305 per ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

More Textiles News - Global...