Polyester value chain prices show mixed trend

Paraxylene (PX) prices showed mixed trend in Asian markets. PX prices were stable in the SE Asia, ranging between US$ 860 and 865 per ton. In the FE Asian market, PX prices declined to US$ 840 per ton. Prices of PX imported from the Taiwanese market increased to a range of US$ 865 to 870 per ton.

PTA prices plunged in Asia. In the SE Asian market witnessed a decrease in PTA prices ranging between US$ 680 and 685 per ton. In the FE Asian market, PTA prices went down to US$ 665 per ton. Prices of PTA imported from the Taiwanese market went down to a range of US$ 665 to 670 per ton. In the Chinese domestic market, PTA prices decreased to a range of RMB 4815 to 4865 per ton.

Ethylene prices remained unaffected in Asian markets. In the SE Asian market, Ethylene prices were stable ranging between US$ 1045 and 1050 per ton. In the FE Asian market, Ethylene prices were stable to US$ 950 per ton. In the US market, Ethylene prices decreased ranging between 40.00 and 40.50 cents per pound. Ethylene prices declined in the European international market as well as in the domestic market to US$ 1050 per ton and € 855 per ton, respectively.

MEG prices increased in Asia. In the SE Asia, MEG prices went up to US$ 775 per ton. In the Chinese international market, MEG prices decreased ranging between US$ 750 and 755 per ton. In the Chinese domestic market, MEG prices increased to a range of RMB 5845 to 5895 per ton.

In the SE Asia, prices of BG PET Chips remained unaffected ranging between US$ 1085 and 1125 per ton. Some deals were in the range of US$ 1095 to 1135 per ton. In the FE Asian market, selling offers were stable in the range of US$ 1105 to 1145 per ton, while talked prices were in the range of US$ 1115 to 1155 per ton. In the Chinese market, BG PET Chips prices declined ranging between RMB 7225 and 7275 per ton.

In the Korean market, prices of FG PET Chips remained unaffected in the range between US$ 985 and 1015 per ton. In the Indian market, FOB based prices were in the range of US$ 995 to 1025 per ton. In the Chinese market, FG PET Chips prices declined ranging between RMB 6500 to 6550 per ton.

PSF prices plunged in Asia.  In the FE Asian market, PSF prices declined to US$ 1120 per ton. In the SE Asian market, PSF selling prices went down to US$ 1020 per ton. In the Chinese domestic market, PSF prices decreased ranging between RMB 7775 and 7800 per ton.

In the Chinese domestic market, prices of Polyester POY and FDY declined to RMB 7850 per ton and RMB 7800 per ton, respectively, while DTY prices were stable at RMB 10050 per ton. In the export market, offers for POY and FDY prices declined to US$ 1040 per ton and US$ 1020 per ton, respectively, while DTY prices were stable at US$ 1350 per ton.

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Fibre2fashion News Desk - India