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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.

Blended yarn prices remain range-bound in Asia

In China, offers for PC yarn were stable in the first week of February while that of PV yarn were firm during the week.

In India, PC yarn offers were assessed unchanged during the week while PV yarn prices also remained range-bound despite rising polyester fibre cost. 30s (65/35) PV warp yarns prices were stable while PC 30s (52/48) prices were up INR1 a kg in Ludhiana.

In Pakistan, poly-cotton prices rolled over on the back of strong prices in raw material market while poly-viscose prices were steady during the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

MEG prices rise in Asia

Asian spot MEG prices rose US$25 a ton CFR China and CFR South East Asia in the last week of January. In China, offers for nearby-month cargoes were up US$30 a ton during the week.

Mono ethylene glycol prices in Asia rose as stocking-up activities for post Chinese New Year requirements persisted.

In US, spot MEG prices were firm during the week.

European MEG spot price uptrend halted on muted demand during the week.

Courtesy: Weekly PriceWatch Report

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Polyester yarn prices continue to rise in China, stable in India

In China, offers for 32s polyester yarn in Shengze were up US cents 5 a kg in the third week of January. Spun polyester yarn offers in China continued the uptrend that week in tandem with firming up polyester staple fibre cost. Market saw modest demand and sales were passable during the week.

In India, spun polyester yarn prices stopped falling and were assessed stable during the week. Prices were supported by firm PSF cost and decent demand.

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PTA prices firm up in Asia

Asian PTA prices, CFR China and CFR Southeast Asia marker were both firm in the third week of January. In China, offers for bonded goods were up US$5 a ton during the week.

Purified terephthalic acid prices in Asia were stable to up that week on the back of firm upstream values. PTA market is likely to see weak correction in the coming week as demand weakened. However, since several major PTA units will undergo maintenance in February, together with strong cost support, PTA market will still hold strong capability to resist price drop.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Polyester prices inch up in China, down in India

In China, offers for 32s polyester yarn in Shengze rose US cents 3 a kg in the first week of January. Spun polyester yarn offers reacted to the surging polyester staple fibre prices during the week. Market saw moderate demand as sales were modest.

In India, polyester yarn 30 knit yarn prices were down INR1 a kg (down US cent 1 a kg on the week) in Ludhiana market.

In Pakistan, polyester yarn prices were unchanged during the week supported by stable polyester staple fibre cost and increasing demand.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

PTA prices rise on increasing demand in Asia

Asian PTA prices were up US$15 a ton CFR China and CFR Southeast Asia in the first week of January. In China, offers for bonded goods were up US$10 a ton and discussions for nearby month cargoes were talked up on the week. Yisheng Petrochemical hiked its self-lifting price by US$10 from previous week while Hengli Petrochemical kept stable.

Purified terephthalic acid prices in Asia jumped this week on higher upstream values and growing demand.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Blended yarn price edges down in India, up in Pakistan

In India, PV yarn offers declined in the first week of December while PC yarn prices also edged down. 30s (65/35) PV warp yarns prices fell INR1 a kg while PC 30s (52/48) prices were down INR2 a kg Ludhiana that week.

In Pakistan, poly-cotton prices inched up while poly-viscose prices were stable during the week. Prices increase was limited due to slow domestic and international demand. PC yarn prices were up PakRe1 per pound on the Faisalabad market and 30s were stable on the week. PV 30s yarn prices rolled over during the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Polyester yarn price softens in India, China

In China, offers for 32s polyester yarn declined in the week ended 13th October 2017. Spun polyester yarn offers were down that week while trading was moderate. Weak polyester staple fibre cost pushed down polyester spun yarn prices during the week. Prices of some individual specs also softened amid moderate trading.

In India, spun polyester offers fell that week after remaining stable in the previous week. Prices have lost INR4 per kg in the last four weeks.

In Pakistan, polyester yarn prices stayed firm during the week.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

PTA prices stable to weak in Asia

In China, offers for bonded goods were down US$10 a ton in the second week of October. Yisheng Petrochemical lowered its self-lifting price by US$10 from last week while Hengli Petrochemical kept unchanged on the week. Purified terephthalic acid prices in Asia were stable to weak after the National Day holiday week in China as market fundamentals were largely unchanged supported by tight supply.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

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