Polyester POY prices drop in Chinese market

30 Jan '15
3 min read

Paraxylene (PX) prices declined in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 765 to 770 per ton. In the FE Asian market, PX prices went down to US$ 745 per ton. Prices of PX imported from the Taiwanese market were stable in a range of US$ 775 to 780 per ton.
 
PTA prices decreased in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 595 and 600 per ton. In the FE Asian market, PTA prices went down to US$ 575 per ton. Prices of PTA imported from the Taiwanese market increased to a range of US$ 575 to 580 per ton. In the Chinese domestic market, PTA prices were stable in a range of RMB 4345 to 4395 per ton.
 
Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 875 and 880 per ton. In the FE Asian market, Ethylene prices were stable at US$ 860 per ton. In the US market, Ethylene prices were stable ranging between 35.00 to 35.50 cents per pound. Ethylene prices increased in the European international as well as in the domestic market to US$ 775 per ton and € 715 per ton, respectively.
 
MEG prices remained unaffected in Asia. In SE Asia, MEG prices were stable at US$ 760 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 750 and 755 per ton. In the Chinese domestic market, MEG prices were stable in a range of RMB 5765 to 5815 per ton.
 
In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 870 and 910 per ton, and some deals were concluded in the range of US$ 880 to 920 per ton. In the FE Asian market, selling offers remained stable in the range of US$ 890 to 930 per ton, while talked prices hovered in the range of US$ 900 to 940 per ton. In the Chinese market, BG PET Chips’ prices declined and they ranged between RMB 6275 and 6325 per ton.
 
In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 785 and 815 per ton. In the Indian market, FOB based prices hovered in the range of US$ 795 to 825 per ton. In the Chinese market, FG PET Chips’ prices were stable ranging between RMB 6125 and 6175 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 6900 and 6925 per ton.
 
In the Chinese domestic market, prices of Polyester POY declined to RMB 7200 per ton, while DTY and FDY prices were stable at RMB 9000 per ton and RMB 7300 per ton, respectively. In the export market, offers for POY declined to US$ 935 per ton, while DTY and FDY prices were stable at US$ 1180 per ton and US$ 935 per ton, respectively.
 
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Fibre2fashion News Desk - India

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