Benzene markets tumbled across regions and prices plunged sharply in Asia on weak demand amid excess supplies. The arbitrage window from Asia to US was firmly shut. In Europe, prices dropped amid demand gaps as it lost demand from styrene market with the benzene-styrene spot spread surging dramatically. In US, the benzene markets saw another decline as export opportunities to Europe were absent with the price spread narrowing.
Asia ethylene-naphtha spread jumps back to June Levels, Europe follows
Related Keywords: daily textile prices, ethylene naphtha spread, Ethylene prices in Asia, Ethylene prices in Europe, Ethylene prices in US, naphtha prices in Asia, naphtha prices in Europe, naphtha prices in US
In April 2015, Asian ethylene-naphtha spread hit a record high amid bullish ethylene markets. The spread jumped US$193 during the month on an average as ethylene prices were under pressure of tight supplies. The CFR Northeast Asia ethylene marker averaged US$1,368-1,370 a ton while the Southeast marker averaged US$1,423-1,425 a ton, both increasing US$214-240 on the month. The spread was over and above the US$269 a ton recorded in March.
Spun yarn prices moving in line with fibre cost
Related Keywords: cotton yarn price in china, cotton yarn price in India, Cotton yarn price in Pakistan, polyester yarn in china, polyester yarn in india, polyester yarn in Pakistan, polyester yarn prices, viscose yarn in china, viscose yarn in india, yarn prices in India
Cotton yarn market again lost ground, and participants were holding bearish expectations over the future trends amid sluggish sales. In the week ended 15 May 2015, cotton yarn markets showed signs of weakness. In China, sale/ production ratios reported fell at some spinning mills in China while outlook turned even gloomier given the increase in inventory levels. Prices were unchanged due to a lack of demand from downward processors. In Shengze, 32s cotton yarn was pegged in the range of US$3.37-3.44 a kg, while 21s was at US$3.29-3.36 a kg.
Nylon chain will roll over the strong sentiment in May
Related Keywords: Benzene price, caprolactam price, caprolactum price, nylon chip price, nylon filament price, Nylon price, polyamide chip price
Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest and gains in Europe. In Europe, reduced pygas availability pushed benzene markets up while exports and rising demand reduce domestic supply. US spot prices rose 12% while European spot jumped 17% from March.
Polyester pricing up in April on production disruptions and surging crude
Related Keywords: ethylene price, MEG price, paraxylene price, polyester chip price, polyester fibre price, polyester filament price, PTA price
Production disruptions caused by fire at major PTA and MEG plants in China pushed up Asian raw material prices in April, triggering an immediate response in polyester chain. The surge was largely for margin protection rather than market fundamentals, but prices moved aggressively, rallying every day. It was also all over again, beginning with crude pricing with fire a spontaneous trigger. Crude oil prices rose week after week in April and gained US$3-6 on the month.
Manmade fibre spun yarns export declined sharply in March
Related Keywords: acrylic yarn export from india, polyester cotton yarn export from india, polyester viscose yarn export from india, polyester yarn export from india, Spun yarn export from india, viscose yarn export from india
Spun yarns made of man-made fibres recorded sharp decline in export both in terms of volume and value. During March, a total of 6.85 million kg of man-made spun yarn were exported, comprising 3 million kg of polyester yarn, 2.1 million kg of viscose yarn and 1.7 million kg of acrylic yarn. Polyester yarn exports were down 31 per cent in value while viscose yarn export was down 16 per cent during the month. Unit price realization was down US cents 10 for viscose and US cents 27 for polyester from a year ago.
Filament yarn exports were worth US$90 mn in March 2015
Related Keywords: Filament yarn export, nylon yarn export, polyester filament yarn export, polypropylene yarn export, textile exports from India, viscose filament yarn export
In March 2015, about 58 million kg of filament yarns (all types) were exported to 79 countries. These include polyester, nylon, polypropylene and viscose filament yarns. More than 90 per cent of all filament yarns were of polyester, of which, DTYs were the largest at 78 per cent.
Turkey imports lesser yarn from India in March
Related Keywords: cotton yarn export to turkey, polyester yarn export to turkey, Spun yarn export to turkey, viscose yarn export to turkey, yarn import in turkey
Turkey is known as Europe's largest textile manufacturing and supplying hub. Many of the ma-jor textile brands such as S Oliver, Adidas, Nike Esprit, H&M, Hugo Boss, and Zara source their clothing from Turkey. These textile exports have propelled Turkey to become the fourth largest clothing manufacturer in the world and number one in Europe. The exports of Turkish textile and clothing goods have been on the rise in the recent years, however, its share in the country's total exports is decreasing. In 2014, textiles exports rose 6.3 per cent to US$18.4 billion.
Have Indian spun yarns become competitive?
Related Keywords: cotton yarn export from india, Spun yarn export from india, yarn export to bangladesh, yarn export to china, yarn export to Egypt, yarn export to turkey
Export volume of spun yarns from India continue to grow in March 2015, while prices retreated compared to their year ago levels. At this price level, it appears that spun yarns made in India have become globally competitive, particularly of cotton. The fall in prices reflect the decline in raw fibre cost in India.
Polyester chain witnessed another bout of cost-push price advances
Related Keywords: ethylene price, MEG price, paraxylene price, polyester chip price, polyester fibre price, polyester filament price, polyester price in china, polyester price in india, polyester price in Pakistan, PTA price
The polyester chain witnessed another bout of price advances in the week ended 24 April, with polyester staple fibre and filament yarn prices zooming past or almost at par with its previous high seen in the last week of November 2014. This time prices the push came from the demand side rather than cost side. Also helping came from the rounds of maintenance shutdown in the upstream industry. Added to these factors was a couple of fire breakout at petrochemical plants in China that feed the polyester industry.
