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PX & PSF prices move up in Far East Asian markets

03 Feb '15
3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 775 and 780 per ton. In the FE Asian market, PX prices went up to US$ 755 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 755 to 760 per ton.
 
PTA prices declined in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 585 and 590 per ton. In the FE Asian market, PTA prices decreased to US$ 570 per ton. Prices of PTA imported from the Taiwanese market were stable in a range of US$ 570 to 575 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4320 to 4370 per ton.
 
Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 870 and 875 per ton. In the FE Asian market, Ethylene prices were stable at US$ 830 per ton. In the US market, Ethylene prices were stable ranging between 35.00 and 35.50 cents per pound. Ethylene prices were stable in the European international as well as in the domestic markets at US$ 770 per ton and € 715 per ton, respectively.
 
MEG prices increased in Asia. In SE Asia, MEG prices went up to US$ 755 per ton. In the Chinese international market, MEG prices decreased and they ranged between US$ 735 and 740 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5865 to 5915 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 were 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 increased and they ranged between RMB 6400 and 6450 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 increased in Asia. In the FE Asian market, PSF prices went up to US$ 1000 per ton. In the SE Asian market, PSF selling prices increased to US$ 900 per ton. In the Chinese domestic market, PSF prices went up ranging between RMB 7050 and 7075 per ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY were stable at RMB 7200 per ton, RMB 9000 per ton and RMB 7300 per ton, respectively. In the export market, offers for POY, DTY and FDY declined to US$ 930 per ton, US$ 1175 per ton and US$ 930 per ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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