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PX, PTA & MEG prices inch down in Asian region

03 Jul '14
3 min read

Paraxylene (PX) prices decreased in Asian markets. In the S E Asian region, PX prices plunged and were quoted in the range of US$ 1385/ton to US$ 1390/ton. In the F E Asian market, PX prices increased and were assessed at US$ 1370/ton. Prices of PX imported from the Taiwanese market declined and were assessed in the range of US$ 1425/ton to US$ 1430/ton.
 
PTA prices declined in the Asian region. In the S E Asian market, PTA prices dropped and were assessed in the range of US$ 1010/ton to US$ 1015/ton. In the F E Asian market, PTA prices fell and were quoted at US$ 990/ton. Prices of PTA imported from the Taiwanese market increased and were offered in the range of US$ 995/ton to US$ 1000/ton. In the Chinese domestic market, PTA prices remained steady in the range of RMB 7600/ton to RMB 7650/ton.
 
Ethylene prices showed mixed trend in Asian markets. In the S E Asian market, Ethylene prices increased and were quoted in the range of US$ 1450/ton to US$ 1455/ton. In the F E Asian region, Ethylene prices kept steady and were assessed at US$ 1410/ton. In the US market, Ethylene prices declined and were offered in the range of 54.50 cents/pound to 55.00 cents/pound. Ethylene prices remained steady in the European international as well as in domestic markets and were offered at US$ 1320/ton and € 1060/ton, respectively.
 
MEG prices declined in Asian markets. In the S E Asian region, MEG prices inched down and were offered at US$ 1000/ton. In the Chinese international market, MEG prices stayed steady and were offered in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices kept steady in the range of RMB 7400/ton to RMB 7450/ton.
 
In the S E Asian region, prices of BG PET Chips remained steady in the range of US$ 1365/ton to US$ 1405/ton, and some deals were concluded in the range of US$ 1375/ton to US$ 1415/ton. In the F E Asian market, selling offers were steady in the range of US$ 1380/ton to US$ 1420/ton, while talked prices were quoted in the range of US$ 1390/ton to US$ 1430/ton. In the Chinese market, BG PET Chips prices remained stable in the range of RMB 9750/ton to RMB 9800/ton.
 
In the Korean market, FG PET Chips prices remained steady and were offered in the range of US$ 1210/ton to US$ 1220/ton. In the Indian market, FOB based prices hovered in the range of US$ 1240/ton to US$ 1270/ton. In the Chinese market, FG PET Chips prices remained stable in the range of RMB 9400/ton to RMB 9450/ton.
 
PSF prices kept inert in the Asian region. In the F E Asian market, PSF prices remained steady at US$ 1410/ton. In the S E Asian market, PSF selling prices remained unchanged at US$ 1310/ton. In the Chinese domestic market, PSF prices stayed steady and were quoted in the range of RMB 10025/ton to RMB 10075/ton.
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices remained steady and were assessed at RMB 10600/ton, RMB 11700/ton and RMB 10650/ton, respectively. In the export market, offers for POY, DTY, and FDY were stable at US$ 1460/ton, US$ 1595/ton, and US$ 1445/ton, respectively.
 
Click here to view and compare daily price trends.
 

Fibre2fashion News Desk - India

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