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Polyester markets saw price drops in the week ended 21 September 2018 on the back of lackluster trading sentiment before the peak season. October is the usual peak sales season for PFY, which is the largest user of PTA and MEG in China. Polyester filament yarn prices weakened in China due to low PSF cost and soft demand during the week. Prices in India and Pakistan were relatively firm in the week.

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang rose US cents 6 a kg in the week ended 24 August 2018. The same in Fujian and Shandong jumped US cents 8 a kg. PSF producers in China hiked offers in line with rising polyester chip values this week. Polyester chip prices in Asia were raised amid higher PTA and MEG cost in the week.

Major PSF producers limited their production resulting in to tight supply recently. In seasonal ebb, polyester market was supposed to be dull, but it moved differently at this time of the year.

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Ethylene prices in Asian markets inched up in June on expectations of increase in Chinese demand in the coming period. In Europe, spot ethylene prices rose sharply this month on cracker issues as maintenance was been conducted on the western portion of the ARG ethylene pipeline. In US, spot ethylene prices fell amid the recent restart of crackers after turnarounds and the start-ups of new capacity. Prices rose 4.2% from May in Asia while European spot inched up 1.9% on the month. US spot prices slipped 1.5% during the month.

In China, offers for 1.4D direct-melt-spun PSF in Jiangsu and Zhejiang jumped US cent 1 a kg in the week ended 6 July 2018. The same in Fujian and Shandong was relatively firm during the week.

PSF prices in China were raised amid firmer raw material costs and lower inventory in the region during the week. Meanwhile, downstream converters purchased only hand to mouth in the week. Prices were also supported by concerns that arose from expectations of production cutbacks by some plants, leading to lower inventory.

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In China, offers for 1.4D direct-melt-spun PSF in the third week of May 2018 moved up in the local currency while the prices were stable in US$ terms.

Polyester staple fibre prices rose further in China while they were stable in India and Pakistan during the week. In China, PSF producers raised their offers slightly in the week while transactions were still moderate.

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Asian paraxylene markers, CFR Taiwan/China was up US$4 a ton in the last week of April while FOB Korea also rose US$4 a ton. Isomer-grade mixed xylene prices surged US$31 a ton FOB Korea during the week.

Paraxylene prices in Asia jumped that week largely driven by gains seen in the upstream crude and naphtha markets. Prices were also supported by healthy downstream buying interest during the week.

China’s paraxylene imports in March rose 21% month on month to 1.44m tons. India’s paraxylene exports in February grew 46% month on month to 202,597 tons.

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Ethylene prices in Asian markets jumped in March supported by strong demand amid the heavy steam cracker turnarounds. In US, spot ethylene fell to a nine-year low on weak sentiment as production from new capacity has overtaken consumption amid downstream disruptions. European ethylene spot prices were almost flat for the month.

Asian paraxylene markers, CFR Taiwan/China fell US$7 a ton in the last week of January while FOB Korea was also down US$7 a ton. Isomer-grade mixed xylene prices was stable during the week. Paraxylene prices in Asia edged down on weak upstream crude oil values during the week.

In US, spot paraxylene prices declined this week amid limited activity in the market. Prompt spot paraxylene lost US$5 a ton FOB USG, while spot mixed xylenes rose US cents 3 a gallon FOB USG.

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Asian paraxylene markers, CFR Taiwan/China fell US$9 a ton in the last week of September while FOB Korea was also down US$9 a ton. Isomer-grade mixed xylene prices lost US$3 on the week. Paraxylene prices in Asia declined during the week in tandem with falling ethylene prices amid somewhat balanced availability in the region. South Korea's Hyundai Cosmo restarted paraxylene plant during the week after shutting it down in August. It has a paraxylene capacity of 380,000 tons a year.

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Asian paraxylene prices fell US$1 a ton CFR Taiwan/China in the second week of August while FOB Korea also edged down US$1 a ton on the week. Isomer-grade mixed xylene prices lost US$19 a ton FOB Korea during the week.

Paraxylene prices in Asia inched up on Friday but fell week on week amid weak energy cost and availability in the market. China's Fujia Dahua restarted its Dalian PX plant with a capacity of 700,000 tons per year.

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