PTA prices down; MEG up in Chinese domestic market

06 Feb '15

3 min read

Paraxylene (PX) prices decreased in Asian markets. PX prices went down in SE Asia, where they ranged between US$ 795 and 800 per ton. In the FE Asian market, PX prices went down to US$ 780 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 850 to 855 per ton.

PTA prices declined in Asia. SE Asian market witnessed a decrease in PTA prices, which ranged between US$ 600 and 605 per ton. In the FE Asian market, PTA prices went down to US$ 585 per ton. Prices of PTA imported from the Taiwanese market increased to a range of US$ 585 to 590 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4442 to 4492 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices went up ranging between US$ 885 and 890 per ton. In the FE Asian market, Ethylene prices were stable at US$ 830 per ton. In the US market, Ethylene prices went up ranging between 36.00 and 36.50 cents per pound. Ethylene prices increased in the European international as well as in the domestic markets to US$ 790 per ton and € 725 per ton, respectively.

MEG prices plunged in Asia. In SE Asia, MEG prices went down to US$ 785 per ton. In the Chinese international market, MEG prices increased ranging between US$ 780 to 785 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5970 to 6020 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 915 and 955 per ton, and some deals were concluded in the range of US$ 925 to 965 per ton. In the FE Asian market, selling offers were stable in the range of US$ 935 to 975 per ton, while talked prices hovered in the range of US$ 945 to 985 per ton. In the Chinese market, BG PET Chips’ prices declined ranging between RMB 6650 and 6700 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 825 to 855 per ton. In the Indian market, FOB based prices hovered in the range of US$ 835 to 865 per ton. In the Chinese market, FG PET Chips’ prices declined ranging between RMB 6325 and 6375 per ton.

PSF prices remained unaffected in Asia. In the FE Asian market, PSF prices were stable at US$ 1030 per ton. In the SE Asian market, PSF selling prices were stable at US$ 930 per ton. In the Chinese domestic market, PSF prices were stable ranging between RMB 7250 and 7275 per ton.

In the Chinese domestic market, prices of Polyester POY increased to RMB 7450 per ton, while DTY and FDY prices were stable at RMB 9100 per ton and RMB 7450 per ton, respectively. In the export market, offers for POY increased to US$ 970 per ton, while DTY and FDY prices were stable at US$ 1195 per ton and US$ 955 per ton, respectively.

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Fibre2fashion News Desk - India

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