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Related Keywords: acrylic price, Benzene price, ethylene prices, Nylon price, paraxylene price, petrochemical price, Polyester price, polypropylene price, propylene price

Petrochemical derivatives are an important starting point for manufacturing textile fibers and filament yarns. While ethylene, paraxylene, benzene and propylene are mother feedstock for production of polyester, nylon, polypropylene and acrylic fibres and filament, any movement in their prices have direct impact on input costs and thus the final product pricing.

Ethylene prices tanked in the second week of August as supply glut continued to plaque all markets. Asian ethylene prices sank as glut hinders buying activity. The CFR NEA prices hit their lowest since end-February as market concerns centered on volatile crude oil prices. The CFR Northeast Asia marker plunged US$131 a ton on the week while SE Asia fell US$100 a ton CFR.

Related Keywords: Braskem’s production, Ethylene price in asia, Ethylene price in europe, ethylene price in US, ethylene prices

Related Keywords: ethylene prices, naphtha price in asia, naphtha price in Europe, naphtha price in USA, paraxylene prices, petrochemical prices, Polyester pricing

Watching the fall in polyester chain for about a year now, one segment which has apparently escaped the trend is the ethylene chain including its derivative mono ethylene glycol segment. Crude oil prices had peaked in June 2014 and started their downward journey thereafter. Many factors were responsible for their fall, with supply glut being an important one.

Related Keywords: asian petrochemical price, benzene prices, chemical fiber, ethylene prices, Europe petrochemical price, manmade fibre, paraxylene prices, propylene prices, US petrochemical price

Crude oil prices have been firming up in recent weeks but the general view is that they will remain relatively low for some time yet. While supply will remain, the demand side may see nothing change much. USA still gives mixed signals, even with the benefits of cheaper gasoline while in Europe there are many problems, especially in terms of low consumer demand in the north and low employment in the south.

Related Keywords: ethylene prices, MEG prices, mono ethylene glycol prices, paraxylene prices, Polyester price, PTA prices, purified terephthalic acid prices

Polyester feedstock – ethylene and paraxylene and intermediates – purified terephthalic acid and mono ethylene glycol, prices are moving up now. In the week ending 20 February, although the major producer and consumer China was on a long Lunar New Year holiday prices strengthened during the week. It all began with crude oil prices recording three consecutive weeks of gains, both US futures and European Brent. Since end of January, oil prices have gained 13 per cent on news of falling rig counts in US. This led to support to downstream derivative naphtha markets.

Related Keywords: ethylene prices, paraxylene prices, polyester fiber prices, polyester filament yarn prices, polyester price in china, polyester price in india, polyester price pakistan, Polyester prices

The free fall in crude oil prices continued in the week of 5 December with both benchmarks hitting their recent lows. US crude oil closed at its lowest since July 2009 while Brent fell below US$70 a barrel in the week for the first time since 2010. The markets were grappling with oversupply resulting from the US shale gas boom and the recent decision by the OPEC not to cut output. US shale is highly scalable and most estimates peg the breakeven price in key regions of this unconventional supply at US$65 per barrel.