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Polyester POY & FDY dip in Chinese domestic market

18 Oct '13
3 min read

Paraxylene (PX) prices dipped in Asian markets. In the Southeast Asian region, PX prices declined and were assessed in the range of US$ 1435/ton to US$ 1440/ton. In the Far East Asian market, PX prices were assessed at US$ 1415/ton. Prices of PX imported from the Taiwanese market decreased and were quoted in the range of US$ 1465/ton to US$ 1470/ton.
 
PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices decreased and were quoted in the range of US$ 1005/ton to US$ 1010/ton. In the Far East Asian market, PTA prices were assessed at US$ 1005/ton. Prices of PTA imported from the Taiwanese market dipped and were quoted in the range of US$ 1020/ton to US$ 1025/ton. In the Chinese domestic market, PTA prices remained unchanged and were quoted in the range of RMB 7450/ton to RMB 7500/ton.
 
Ethylene prices plunged in Asian market. In the Southeast Asian market, Ethylene prices were quoted in the range of US$ 1460/ton to US$ 1465/ton. In the Far East Asian region, Ethylene prices were assessed at US$ 1365/ton. In the US market, Ethylene prices surged and were assessed in the range of 46.50 cents/pound to 47.00 cents/pound. Ethylene prices decreased in the European international as well as domestic market and were quoted at US$ 1295/ton and €1010/ton, respectively.
 
MEG prices dipped in Asian markets. In the Southeast Asian region, MEG prices were quoted at US$ 1077/ton. In the Chinese international market, MEG prices declined and were assessed in the range of US$ 1090/ton to US$ 1095/ton. In the Chinese domestic market, MEG prices decreased and were quoted in the range of RMB 7850/ton to RMB 7900/ton.
            
In the Southeast Asian region, BG PET Chips prices remained stable in the range of US$ 1380/ton to US$ 1420/ton, and some deals were discussed at around US$ 1370/ton to US$ 1410/ton. In the Far East Asian market, selling offers maintained a steady trend at US$ 1390/ton to US$ 1420/ton, while talked prices were between US$ 1380/ton and US$ 1410/ton. In the Chinese market, BG PET Chips prices remained unchanged and were assessed at RMB 9550/ton.
 
In the Korean market, FG PET Chips prices remained stable and were quoted in the range of US$ 1220/ton to US$ 1250/ton. In the Indian market, FOB based prices remained unchanged in the range of US$ 1270/ton to US$ 1320/ton. In the Chinese market, FG PET Chips prices plunged and were quoted in the range of RMB 9975/ton to RMB 1125/ton.
 
PSF prices remained stable in Asian markets. In the Far East Asian market, PSF prices were assessed at US$ 1505/ton. In the Southeast Asian market, PSF selling prices were quoted at US$ 1405/ton. In the Chinese domestic market, PSF prices surged and were assessed in the range of RMB 9925/ton to RMB 9975/ton.
 
In the Chinese domestic market, prices of Polyester POY and FDY dipped and were quoted at RMB 10050/ton, RMB 10275/ton while prices of DTY remained stable at RMB 12025/ton, respectively. In the export market, prices of POY and FDY declined at US$ 1400/ton and US$ 1420/ton, while prices of DTY steady at US$ 1675/ton, respectively.
 
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Fibre2fashion News Desk - India

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