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Polyester POY and DTY offers decline in Chinese market

19 Aug '13
3 min read

Paraxylene (PX) prices increased in Asian markets. In the Southeast Asian region, PX prices surged and were assessed in the range of US$ 1505/ton to US$ 1510/ton. In the Far East Asian market, PX prices were assessed at US$ 1485/ton. Prices of PX imported from the Taiwanese market increased and were offered in the range of US$ 1505/ton to US$ 1510/ton.   
 
PTA prices remained steady in the Asian region. In the Southeast Asian market, PTA prices remained unchanged in the range of US$ 1115/ton to US$ 1120/ton. In the Far East Asian market, PTA prices were quoted at US$ 1120/ton. Prices of PTA imported from the Taiwanese market declined and were quoted in the range of US$ 1115/ton to US$ 1120/ton. In the Chinese domestic market, PTA prices surged and were assessed in the range of RMB 7750/ton to RMB 7800/ton.   
 
Ethylene prices maintained steady trend in Asian markets. In the Southeast Asian market, Ethylene prices were assessed in the range of US$ 1320/ton to US$ 1325/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1240/ton. In the US market, Ethylene prices increased and were offered in the range of 55.00 cents/pound to 55.50 cents/pound. Ethylene prices were steady in the European international and domestic markets, and were quoted at US$ 1430/ton and €1085/ton, respectively.  
 
MEG prices remained stable in Asian markets. In the Southeast Asian region, MEG prices remained unchanged and were assessed at US$ 1125/ton. In the Chinese international market, MEG prices declined in the range of US$ 1115/ton to US$ 1120/ton. In the Chinese domestic market, MEG prices were steady and were offered in the range of RMB 8275/ton to RMB 8325/ton.
 
In the Southeast Asian region, BG PET Chips prices remained unchanged in the range of US$ 1440/ton to US$ 1480/ton, and some deals were discussed in the range of US$ 1430/ton to US$ 1470/ton. In the Far East Asian market, selling offers remained unchanged in the range of US$ 1440/ton to US$ 1470/ton, while talked prices were between US$ 1430/ton and US$ 1450/ton. In the Chinese domestic market, BG PET Chips prices kept inert and were assessed at RMB 10200/ton.
 
In the Korean market, FG PET Chips prices remained steady in the range of US$ 1250/ton to US$ 1280/ton. In the Indian market, FOB based prices were stable in the range of US$ 1300/ton to US$ 1350/ton. In the Chinese market, FG PET Chips prices remained steady and were assessed in the range of RMB 9650/ton to RMB 9700/ton.
 
PSF prices declined in the Asian region. In the Far East Asian market, PSF prices were assessed at US$ 1520/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1420/ton. In the Chinese domestic market, PSF prices remained stable and were quoted in the range of RMB 10350/ton to RMB 10375/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY were steady at RMB 10550/ton, RMB 12150/ton, and RMB 10700/ton, respectively. In the export market, offers for POY and DTY declined to US$ 1470/ton and US$ 1690/ton, respectively, while FDY prices remained steady at US$ 1480/ton.
 
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Fibre2fashion News Desk - India

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