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PTA prices plunge in Asian region

25 Nov '13
3 min read

Paraxylene (PX) prices remained stable in Asian markets. In the Southeast Asian region, PX prices remained unchanged and were quoted in the range of US$ 1395/ton to US$ 1400/ton. In the Far East Asian market, PX prices maintained a steady trend and were assessed at US$ 1385/ton. Prices of PX imported from the Taiwanese market remained unchanged and were quoted in the range of US$ 1405/ton to US$ 1410/ton.
 
PTA prices declined in the Asian region. In the Southeast Asian market, PTA prices decreased and were assessed in the range of US$ 985/ton to US$ 990/ton. In the Far East Asian market, PTA prices were quoted at US$ 985/ton. Prices of PTA imported from the Taiwanese market maintained a steady trend and were assessed in the range of US$ 985/ton to US$ 990/ton. In the Chinese domestic market, PTA prices dipped and were quoted in the range of RMB 7225/ton to RMB 7275/ton.
 
Ethylene prices maintained a steady trend in Asian markets. In the Southeast Asian market, Ethylene prices remained unchanged and were assessed in the range of US$ 1410/ton to US$ 1415/ton. In the Far East Asian region, Ethylene prices were quoted at US$ 1300/ton. In the US market, Ethylene prices declined and were assessed in the range of 53.00 cents/pound to 53.50 cents/pound. Ethylene prices dipped in the European international as well as domestic market and were quoted at US$ 1205/ton and € 970/ton, respectively.
 
MEG prices plunged in Asian markets. In the Southeast Asian region, MEG prices declined and were assessed at US$ 1010/ton. In the Chinese international market, MEG prices decreased and were quoted in the range of US$ 1000/ton to US$ 1005/ton. In the Chinese domestic market, MEG prices maintained a steady trend and were quoted in the range of RMB 7325/ton to RMB 7375/ton.
 
In the Southeast Asian region, BG PET chip prices remained stable in the range of US$ US$ 1340/ton to US$ 1380/ton, and some deals were discussed at around US$ 1330/ton to US$ 1370/ton. In the Far East Asian market, selling offers remained unchanged at US$ 1360/ton to US$ 1390/ton, while talked prices were between US$ 1350/ton and US$ 1380/ton. In the Chinese market, BG PET chip prices declined and were assessed at RMB 9525/ton.
 
In the Korean market, FG PET chip prices maintained a steady trend and were quoted in the range of US$ 1180/ton to US$ 1210/ton. In the Indian market, FOB based prices remained stable in the range of US$ 1230/ton to US$ 1280/ton. In the Chinese market, FG PET chip prices remained unchanged and were assessed in the range of RMB 9175/ton to RMB 9225/ton.
 
PSF prices remained unchanged in Asian markets. In the Far East Asian market, PSF prices were quoted 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 declinedand were assessed in the range of RMB 9750/ton to RMB 9800/ton.
 
In the Chinese domestic market, prices of Polyester POY, DTY and FDY decreased and were assessed at RMB 10050/ton, RMB 11800/ton, and RMB 10075/ton, respectively. In the export market, prices of POY, DTY, and FDY plunged and were quoted at US$ 1400/ton, US$ 1645/ton, and US$ 1390/ton, respectively.
 
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Fibre2fashion News Desk - India

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