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Related Keywords: crude oil price, ethylene price, MEG price, mono ethylene glycol price, naphtha price, paraxylene prices, polyester chip price, polyester filament price, polyester staple fibre price, psf price, PTA price, purified terephthalic acid price

Crude oil prices in November declined on pressure from a rallying US$ and expectations of higher interest rate. The US$ hit 6-1/2-month high against a basket of currencies. Data also showed eight straight weeks of inventories builds in US. Brent, the global benchmark for oil, was less than $2 from setting new 6-1/2-year lows in the mid of November. US crude and Brent price fell 6.8% and 7.4% respectively as compared to previous month’s average. US Futures averaged US$42.91 a barrel, down US$3.15 from October and Brent averaged US$48.25, down US$3.56 on the month.

Related Keywords: MEG price, pfy price, polyester filament price, polyester price in asia, polyester price in Europe, polyester price in USA, Polyester pricing, polyester staple price, psf price, PTA price

In the week ended 17 July, the Asian ethylene markets continued to be hit by weak demand amid ample supply while prices touched a four-month low. The spread between North East and South East was at its widest in 11 months as the two markets saw diverge trend. Asian markers CFR NE was down US$20 a ton while SEA CFR fell US$35 a ton on the week. The ethylene-naphtha spread was wide at US$65 a ton.

Related Keywords: MEG price, polyester filament price in asia, polyester filament price in Europe, polyester filament price in USA, polyester price in asia, polyester price in Europe, polyester price in USA, Polyester pricing, PTA price

Given the rapid changes in prices of polyester feedstock ethylene and paraxylene prices, their respective derivatives reflected similar trends year on year. Asian MEG markets fluctuated widely opening June and prices jumped in line with the ethylene and PTA market. They fell in the third week on short selling and bearish polyester markets as the peak season drew to a close. Prices, however, climbed again June-end on expanding downstream operating rates. Meanwhile, MEGlobal nominated Asian July contract price at a roll over. Asian spot was down 1.5% in June and 4.8% from a year ago.

Related Keywords: ethylene price, MEG price, mono ethylene glycol price, paraxylene price, Polyester price, polyester price in china, polyester price in india, PTA price, purified terephthalic acid price, textile prices

Polyester pricing has been on a sluggish mode ever since crude oil price began to dwindle with occasional peaks and troughs. In the week ended 19 June, polyester upstream feedstock, ethylene markets in Asia gave back earlier week’s gains as prices were dragged down by rising regional and deep-sea supplies. However, the price drop was limited by cracker shutdowns. Asian markers fell US$5-10 a ton week on week. Prices were down Euro14 a ton both on FD NWE and CIF NWE basis.

Related Keywords: ethylene price, MEG price, paraxylene price, polyester fibre price, polyester filament price, Polyester markets, Polyester prices, polyester textile yarn, PTA price

Ethylene market was assessed flat as sluggish trading continued but prices were up in the week ended 12 June 2015 and the diverge trend continued between NE and SE Asia. European spot prices fell as bearish sentiment worked on both supply and demand while derivative, particularly LDPE saw its first fall in three months. In US, ethylene spot slipped as Dow resumes production at Louisiana facility.

Asian ethylene prices stayed flat amid weak PE market and turnarounds. Polyethylene prices were seen softening on a combination of weaker LLDPE futures, tapering agricultural demand and falling domestic prices in China. In Europe, ethylene spot also remained flat as market awaited production restarts. In US, ethylene spot slipped after restarts of two US Gulf Coast producers’ plants while Evangeline in-service date was expected by 15 June.

Related Keywords: ethylene price, MEG price, paraxylene price, polyester fiber price, polyester filament price, Polyester price, polyester staple price, PTA price

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.

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.

Related Keywords: ethylene price, MEG price, monoethlene glycol price, paraxylene price, polyester fiber price, polyester fibre price, Polyester filament prices, PTA price, purified terephthalic acid price, textile price forecast

Everything in synthetic fibre markets, especially polyester, has been revolving around crude oil price, and hence the US$. The first signs of policy change in US, expectation of a hike in interest rates, have led to a flight to the US$, supported by other currencies being devalued. And with world powers reaching a framework agreement with Iran to curtail its nuclear program, the stage has been set to end the sanctions that have restrained Iran’s exports.

Related Keywords: DTY price, ethylene price, MEG price, mono ethylene glycol price, paraxylene price, pfy price, polyester fibre price, polyester filament price, Polyester prices, polyester yarn price, POY price, psf price, PTA price, purified terephthalic acid price

In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty, Greece issue and report of a new four-year low in the number of rigs drilling oil in US, the impact was otherwise on the downstream derivatives. US crude jumped 4 per cent week end and European Brent snapped two straight weeks of losses as Iran struggled to reach a nuclear deal with world powers.