PX, PTA & Ethylene prices move up in Far East Asia

09 Feb '15
3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 820 and 825 per ton. In the FE Asian market, PX prices went up to US$ 810 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 795 to 800 per ton.
 
PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices, which ranged between US$ 610 and 615 per ton. In the FE Asian market, PTA prices went up to US$ 590 per ton. Prices of PTA imported from the Taiwanese market decreased to a range of US$ 580 to 585 per ton. In the Chinese domestic market, PTA prices increased to a range of RMB 4530 to 4580 per ton.
 
Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 885 and 890 per ton. In the FE Asian market, Ethylene prices went up to US$ 865 per ton. In the US market, Ethylene prices went up ranging between 36.50 and 37.00 cents per pound. Ethylene prices decreased in the European international as well as in the domestic markets to US$ 775 per ton and € 715 per ton, respectively.
 
MEG prices increased in Asia. In SE Asia, MEG prices went up to US$ 800 per ton. In the Chinese international market, MEG prices decreased ranging between US$ 770 and 775 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5990 to 6040 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 increased ranging between RMB 6675 and 6725 per ton.
 
In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 825 and 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 increased ranging between RMB 6350 and 6400 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, DTY and FDY were stable at RMB 7450 per ton, RMB 9100 per ton and RMB 7450 per ton, respectively. In the export market, offers for POY, DTY and FDY were stable at US$ 970 per ton, US$ 1195 per ton and US$ 955 per ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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