PX, PTA & MEG prices increase in Southeast Asia

04 Feb '15

3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 845 and 850 per ton. In the FE Asian market, PX prices went up to US$ 825 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 775 to 780 per ton.

PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices, which ranged between US$ 595 and 600 per ton. In the FE Asian market, PTA prices went up to US$ 580 per ton. Prices of PTA imported from the Taiwanese market declined to a range of US$ 565 to 570 per ton. In the Chinese domestic market, PTA prices increased to a range of RMB 4595 to 4645 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 declined and they ranged between 34.50 and 35.00 cents per pound. Ethylene prices increased in the European international market to US$ 775 per ton, while prices were stable in the domestic market at € 715 per ton.

MEG prices increased in Asia. In SE Asia, MEG prices went up to US$ 780 per ton. In the Chinese international market, MEG prices increased and they ranged between US$ 745 and 750 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5945 to 5995 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 6725 and 6775 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 increased and they ranged between RMB 6325 and 6375 per ton.

PSF prices increased in Asia. In the FE Asian market, PSF prices went up to US$ 1025 per ton. In the SE Asian market, PSF selling prices went up to US$ 925 per ton. In the Chinese domestic market, PSF prices went up ranging between RMB 7225 and 7250 per ton.

In the Chinese domestic market, prices of Polyester POY and FDY went up to RMB 7400 per ton and RMB 7450 per ton, respectively, while DTY prices were stable at RMB 9000 per ton. In the export market, offers for POY, DTY and FDY increased to US$ 965 per ton, US$ 1180 per ton and US$ 955 per ton, respectively.

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Fibre2fashion News Desk - India

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