Polyester value chain prices decline in major markets

08 Jan '15

3 min read

Paraxylene (PX) prices decreased in Asian markets. PX prices went down in SE Asia, which ranged between US$ 765 and 770 per ton. In the FE Asian market, PX prices decreased to US$ 750 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 805 to 810 per ton.

PTA prices declined in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 605 and 610 per ton. In the FE Asian market, PTA prices plunged to US$ 590 per ton. Prices of PTA imported from the Taiwanese market plunged to a range of US$ 600 to 605 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4370 to 4420 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices declined and they ranged between US$ 975 and 980 per ton. In the FE Asian market, Ethylene prices were stable at US$ 900 per ton. In the US market, Ethylene prices declined and they ranged between 39.50 and 40.00 cents per pound. Ethylene prices declined in the European international as well as in domestic markets to US$ 915 per ton and € 765 per ton, respectively.

MEG prices declined in Asia. In SE Asia, MEG prices plunged to US$ 695 per ton. In the Chinese international market, MEG prices decreased ranging between US$ 730 and 735 per ton. In the Chinese domestic market, MEG prices decreased to a range of RMB 5360 to 5410 per ton.

In SE Asia, prices of BG PET Chips declined and they ranged between US$ 950 and 990 per ton, and some deals were concluded in the range of US$ 960 to 1000 per ton. In the FE Asian market, selling offers plunged in the range of US$ 970 to 1010 per ton, while talked prices hovered in the range of US$ 980 to 1020 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6350 and 6400 per ton.

In the Korean market, prices of FG PET Chips declined and they ranged between US$ 860 and 890 per ton. In the Indian market, FOB based prices hovered in the range of US$ 870 to 900 per ton. In the Chinese market, FG PET Chips’ prices declined and they ranged between RMB 6100 and 6150 per ton.

PSF prices plunged in Asia. In the FE Asian market, PSF prices declined to US$ 1000 per ton. In the SE Asian market, PSF selling prices decreased to US$ 900 per ton. In the Chinese domestic market, PSF prices decreased and were quoted between RMB 7025 and 7050 per ton.

In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7450 per ton, RMB 9500 per ton and RMB 7300 per ton, respectively. In the export market, offers for POY, DTY and FDY declined to US$ 975 per ton, US$ 1260 per ton and US$ 935 per ton, respectively.

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Fibre2fashion News Desk - India

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