PX, PTA & Ethylene prices rise in Southeast Asian markets

27 Feb '15

3 min read

Paraxylene (PX) prices increased in Asian markets. PX prices went up in SE Asia, where they ranged between US$ 895 and 900 per ton. In the FE Asian market, PX prices went up to US$ 880 per ton. Prices of PX imported from the Taiwanese market decreased to a range of US$ 870 to 875 per ton.

PTA prices increased in Asia. SE Asian market witnessed an increase in PTA prices, which ranged between US$ 635 and 640 per ton. In the FE Asian market, PTA prices went up to US$ 615 per ton. Prices of PTA imported from the Taiwanese market went up to a range of US$ 605 to 610 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4620 to 4670 per ton.

Ethylene prices showed mixed trend in Asian markets. In the SE Asian market, Ethylene prices went up and they ranged between US$ 975 and 980 per ton. In the FE Asian market, Ethylene prices were stable at US$ 915 per ton. In the US market, Ethylene prices increased ranging between 35.00 and 35.50 cents per pound. Ethylene prices went up in the European international as well as in domestic markets to US$ 920 per ton and € 815 per ton, respectively.

MEG prices increased in Asia. In SE Asia, MEG prices went up to US$ 855 per ton. In the Chinese international market, MEG prices went up ranging between US$ 815 and 820 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 6310 to 6360 per ton.

In SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 935 and 975 per ton, and some deals were concluded in the range of US$ 945 to 985 per ton. In the FE Asian market, selling offers were stable in the range of US$ 955 to 995 per ton, while talked prices hovered in the range of US$ 965 to 1005 per ton. In the Chinese market, BG PET Chips’ prices were stable ranging between RMB 6925 and 6975 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 840 and 870 per ton. In the Indian market, FOB based prices hovered in the range of US$ 850 to 880 per ton. In the Chinese market, FG PET Chips’ prices increased and they ranged between RMB 6475 and 6525 per ton.

PSF prices declined in Asia. In the FE Asian market, PSF prices went down to US$ 1025 per ton. In the SE Asian market, PSF selling prices plunged to US$ 925 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$ 1190 per ton and US$ 955 per ton, respectively.

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Fibre2fashion News Desk - India

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