MEG prices up in SE Asia and Chinese domestic market

09 Jan '15

3 min read

Paraxylene (PX) prices remained unaffected in Asian markets. PX prices were stable in SE Asia, where they ranged between US$ 765 and 770 per ton. In the FE Asian market, PX prices were stable at US$ 750 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 765 to 770 per ton.

PTA prices remained unchanged in Asia. SE Asian market witnessed stable trend in PTA prices ranging between US$ 605 and 610 per ton. In the FE Asian market, PTA prices were stable at US$ 590 per ton. Prices of PTA imported from the Taiwanese market plunged to a range of US$ 585 to 590 per ton. In the Chinese domestic market, PTA prices increased to a range of RMB 4385 to 4435 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging 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 ranging between 38.50 and 39.00 cents per pound. Ethylene prices declined in the European international as well as in domestic markets to US$ 855 per ton and € 725 per ton, respectively.

MEG prices increased in Asia. In SE Asia, MEG prices increased to US$ 710 per ton. In the Chinese international market, MEG prices decreased ranging between US$ 685 and 690 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5440 to 5490 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging 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 were stable 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 declined ranging between RMB 6275 and 6325 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range 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 6075 and 6125 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 1000 per ton. In the SE Asian market, PSF selling prices were stable at US$ 900 per ton. In the Chinese domestic market, PSF prices decreased ranging between RMB 7000 and 7025 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 increased to US$ 980 per ton, US$ 1265 per ton and US$ 940 per ton, respectively.

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Fibre2fashion News Desk - India

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