PX, PTA & BG PET Chips' prices dip in southeast Asia

15 Jan '15

3 min read

Paraxylene (PX) prices decreased in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 730 and 735 per ton. In the FE Asian market, PX prices declined to US$ 710 per ton. Prices of PX imported from the Taiwanese market decreased and were assessed in a range of US$ 730 to 735 per ton.

PTA prices plunged in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 575 to 580 per ton. In the FE Asian market, PTA prices decreased to US$ 555 per ton. Prices of PTA imported from the Taiwanese market declined to a range of US$ 560 to 565 per ton. In the Chinese domestic market, PTA prices increased to a range of RMB 4330 to 4380 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices declined and they ranged between US$ 935 and 940 per ton. In the FE Asian market, Ethylene prices were stable at US$ 880 per ton. In the US market, Ethylene prices declined and they ranged between 35.50 and 36.00 cents per pound. Ethylene prices declined in the European international as well as in domestic markets to US$ 790 per ton and € 700 per ton, respectively.

MEG prices declined in Asia. In SE Asia, MEG prices declined to US$ 690 per ton. In the Chinese international market, MEG prices decreased and they ranged between US$ 675 and 680 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5450 to 5500 per ton.

In SE Asia, prices of BG PET Chips declined and they ranged between US$ 885 and 925 per ton, and some deals were concluded in the range of US$ 895 to 935 per ton. In the FE Asian market, selling offers plunged and they were in the range of US$ 905 to 945 per ton, while talked prices hovered in the range of US$ 915 to 955 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6175 and 6225 per ton.

In the Korean market, prices of FG PET Chips declined and were in between US$ 800 and 830 per ton. In the Indian market, FOB based prices hovered in the range of US$ 810 to 840 per ton. In the Chinese market, FG PET Chips’ prices declined ranging between RMB 5875 and 5925 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 975 per ton. In the SE Asian market, PSF selling prices were stable at US$ 875 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 6825 and 6850 per ton.

In the Chinese domestic market, prices of Polyester POY were stable at RMB 7150 per ton, while DTY and FDY prices declined to RMB 8900 per ton and RMB 7000 per ton, respectively. In the export market, offers for POY were stable at US$ 935 per ton, while DTY and FDY prices declined to US$ 1175 per ton and US$ 895 per ton, respectively.

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Fibre2fashion News Desk - India

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