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Polyester market weakens in March, no support from upstream

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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.

Polyester chip prices rise in China

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.

Related Keywords: PET chip producers, PET chips prices, polyester chip prices in Asia, polyester chip prices in China, Polyester prices, psf prices, semi dull polyester chip offers

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