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Ethylene prices surge in south-east Asian market

11 Jan '13
3 min read

Paraxylene (PX) prices remained stable in Asian markets. In S E Asian region, PX prices stayed steady and were quoted in the range of US$ 1650/ton to US$ 1655/ton. In F E Asian market, PX prices were assessed at US$ 1640/ton. Prices of PX imported from Taiwanese market declined and were offered in the range of US$ 1665/ton to US$ 1670/ton.
 
PTA prices remained steady in the Asian region. In S E Asian market, PTA prices stayed stable and were offered in the range of US$ 1195/ton to US$ 1200/ton. In F E Asian market, PTA prices were offered at US$ 1205/ton. Prices of PTA imported from Taiwanese market went down and were quoted in the range of US$ 1200/ton to US$ 1205/ton. In the Chinese domestic market, PTA prices stayed stable and were offered in the range of RMB 8875/ton to RMB 8925/ton.
 
Ethylene prices went up in Asian markets. In S E Asian market, Ethylene prices surged and were quoted in the range of US$ 1360/ton to US$ 1365/ton. In F E Asian region, Ethylene prices were assessed at US$ 1210/ton. In the US market, Ethylene prices remained stable and were assessed in the range of 65.00 cents/pound to 65.50 cents/pound. Ethylene prices remained stable in European international and domestic markets and were assessed at US$ 1400/ton and € 1140/ton, respectively.
 
MEG prices showed a mixed trend in Asia. In S E Asian region, MEG prices inched up and were quoted at US$ 1190/ton. In China market, MEG prices declined in the range of US$ 1180/ton to US$ 1185/ton. In the Chinese domestic market, MEG prices surged up and were assessed in the range of RMB 8950/ton to RMB 9000/ton.
 
In S E Asian region, BG PET Chips prices continued to be stable in the range of US$ 1570/ton to US$ 1620/ton and some deals were discussed at around US$ 1560/ton to US$ 1600/ton. In F E Asian market, selling offers were around US$ 1540/ton to US$ 1580/ton. In the Chinese market, BG PET Chips prices were stable at RMB 11350/ton.
 
In Korean market, FG PET Chips prices remained steady in the range of US$ 1440/ton to US$ 1470/ton. In Indian market, FOB based prices were quoted in the range of US$ 1450/ton to US$ 1490/ton. In the Chinese market, FG PET Chips prices were stable in the range of RMB 11100/ton to RMB 11150/ton.
 
PSF prices remained stable in Asian markets. In F E Asian market, PSF prices were offered at US$ 1700/ton. In S E Asian market, PSF selling offers were quoted at US$ 1600/ton. In the Chinese domestic market, PSF prices went down and were assessed in the range of RMB 11750/ton to RMB 11800/ton.
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices remained stable and were quoted at RMB 11800/ton, RMB 12975/ton, and RMB 12250 respectively. In export market, prices for POY, DTY, and FDY were assessed at US$ 1615/ton and US$ 1770/ton, and FDY US$ 1670/ton respectively.
 
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Fibre2fashion News Desk - India

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