In China, semi dull chip offers were up US$80 a ton in the second week of December while super bright chip offers jumped US$70-85 a ton on the week. Offers for CDP chip surged US$85-120 a ton during the week.
Asian marker for semi-dull continuous spinning fibre grade chip rose US$50 a ton FOB Taiwan/Korea on the week.
Polyester chip prices rose before holding stable that week. Bolstered by crude oil market that went strong on output cut agreement, offers for SD chips hiked and some producers even withdrew offers. Early that week, given low inventory of PET chips, strong feedstock market caused PET chip producers to revise offers up.
During the second half of the week, as US FED lifted interest rates, drove players in polyester market to the sidelines. Super bright chip market mirrored the trend in SD chip market.
Mid?week, despite weakening feedstock market, SB chip offers were firm given tight availability. CDP chip prices were hiked that week as mainstream offers rose and firm deal followed up amid producers reporting low inventory.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…