In Shengze, offers for 32s and 45s polyester yarn remained unchanged in the second week of September. In Qiangqing, offers for 32s weaving were stable on the week.
Spun polyester yarns market in China dropped from stability amid lackluster selling atmosphere. Mainstream offers for spun polyester yarn 32s and 45s, however, rolled over, given the holiday-shortened week while PSF prices generally remained range bound.
Asian PTA markers fell US$6 a ton CFR China in the second week of September. In line with the slide in China, CFR Southeast Asia and CFR India markers were also assessed down US$6 a ton on the week. In China, offers for nearby-month goods declined during the week. Yisheng Petrochemical’s offers edged down US$3 a ton on the week.
Asian MEG markers were down US$18 a ton CFR South East Asia and CFR China in the second week of September. Offers for nearby-month goods were around US$640 a ton, against counter offers of US$630 a ton. MEGlobal nominated contract price for October was up US$20 a ton CFR Asia from September number.
In Qianqing, PC (65/35) 32s yarn prices declined US cent 1 a kg in the second week of September while 45s PC combed yarn prices rolled over on the week. 32s PV (65/35) were flat on the week. Blended yarn prices, mostly spun with cotton, declined in China while PV yarn prices were more stable given the moderation in cotton prices and firmness in PSF and VSF prices.
In Shengze, offers for 32s polyester yarn rolled over in the first week of September and 45s were stable on the week. In Qiangqing, offers for 32s weaving were steady during the week.
Spun polyester yarn offers were stable in China, and sales of some sporadic specs were little better previous weeks. Spun yarn plants in Zhejiang remained shut down due to the G20 summit and started to resume in succession late that week. This, demand will improve slightly in coming week.
Asian PTA markers rose US$5 a ton CFR China in the first week of September. The South Korea/Taiwan marker was also up on the week.
In China, offers for nearby-month goods were at US$610-615 a ton, and negotiations surged similarly to US$605-610 a ton. Yisheng Petrochemical’s offers were stable during the week.
Asian MEG marker fell US$19 a ton CFR South East Asia in the first week of September. In China, spot offers fell US$20 a ton on the week.
Mono ethylene glycol prices retreated sharply in Asian markets giving back most the previous week’s gains on traders' profit-taking and falling futures. Several traders were heard still buying physical cargoes to cover second-half September and some H1 October physical positions.
In Qianqing, PC (65/35) 32s yarn prices declined US cents 2 a kg in the first week of September while 45s PC combed yarn prices rolled over on the week. 32s PV (65/35) were stable during the week.
Blended spun yarn prices were down in China, with import prices however bottoming out during the week. This fall were directly related to fall in cotton prices and stable PSF cost. However, VSF prices were further elevated which provided support to PV yarn market.
In Shengze, offers for 32s polyester yarn fell US cents 3 a kg in the last week of August, and 45s were down on the week. In Qiangqing, offers for 32s weaving were down US cents 3 a kg during the week.
Spun polyester yarns prices weakened in China as there was no improvement in sales that week. Producers in Zhejiang were shut for G20 summit and will restart in succession mid next week. Prices retreated in Shengze amid thin transaction while offers in Qiangqing were lowered and producers sold goods in sporadic volumes.
Asian PTA markers edged up US$1 a ton CFR China in the last week of August. In China, offers for nearby-month goods felt to US$605-610 a ton, and buyers countered offers was at US$600 a ton.
Purified terephthalic acid prices were stable to softer amid thin trade in Asian markets. Upstream cost support also eased with paraxylene cost moderating somewhat. Yisheng Petchem shuts its Ningbo plant for G20 while it has planned turnaround at Hainan unit in September.
