In Qianqing, PC (65/35) 32s yarn prices surged US cents 12 a kg in the last week of July while 45s PC combed yarn prices rose US cents 23 a kg on the week. 32s PV (65/35) were up US cents 8 a kg during the week. In China, blended yarn markets were supported by surge in cotton, polyester and viscose fibre prices over the past few weeks. Both PC and PV yarns were costlier by at least US cents 12-23 a kg on the week. Cotton and VSF prices have increased further that week and will reflect in yarn prices soon.
Polyester yarn price climbs in Asian markets
In Shengze, offers for 32s polyester yarn were up US cents 14 a kg in the third week of July, and 45s were up US cents 17 a kg on the week. In Qiangqing, offers for 32s weaving rose US cents 12 a kg during the week.
Spun polyester yarn offers were raised in China somewhat with 32s and 45s seeing rise of US cents 14-17 a kg on the week, with the latter seeing moderate sales.
In Fujian, as spun yarn mills joined to pull up offers, together with an increase in PSF price, the selling prices of spun polyester yarns also moved up that week.
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PTA price moves up marginally amid better domestic demand
Asian PTA was assessed up US$2 a ton CFR China and CFR Southeast Asia in the third week of July. In China, offers were maintained at US$620 a ton throughout that week, with buying ideas around US$610 a ton. PTA spot supply was not abundant, and selling ideas on warehouse receipts slipped early that week.
Purified terephthalic acid prices were assessed marginally up on the week in Asian markets amid better domestic demand in China. Hengli will shut its 2.2 million ton a year PTA plant while Hanbang will restart its similar capacity plant soon.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
MEG price falls on bearish outlook
Asian MEG prices fell US$10 a ton CFR China and CFR South East Asia in the third week of July. In China, offers for nearby-month goods were pegged stable, and counter offers were steady. Bonded goods and forward-month were US$5 a ton higher over nearby-month goods.
Mono ethylene glycol prices in Asian markets fell on bearish outlook and profit taking. Traders sold H1/H2 August swaps as Futures declined on Huaxicun exchange following a brief respite from falling spot prices.
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Blended yarn price gains in Asian markets
In Qianqing, PC (65/35) 32s yarn prices rose US cents 4 a kg in the third week of July while 45s PC combed yarn prices remained flat on the week. 32s PV (65/35) were up US cents 7 a kg on the week. Blended yarn prices were supported by the rising cost of cotton while VSF prices has risen sharply in the past few weeks. In China, PC and PV yarns were dearer by US cents 4-7 a kg on the week.
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MEG price remains stable in Asia, up in US
Mono ethylene glycol prices were flat in the second week of July after falling weekend on traders' past short-covering. In China, offers were maintained at US$625-630 a ton, and negotiations and trading values stood at US$620-625 a ton. Several major futures traders had in recent weeks been short selling H2 July and some H1 August swaps and that week were seen covering some of their short positions.
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Blended yarn price moves up on surging raw material cost
In Qianqing, PC (65/35) 32s yarn prices moved up US cents 5 a kg in the second week of July while 45s PC combed yarn prices inched up on the week. 32s PV (65/35) were up US cents 6 during the week. Blended yarn prices took a sharp upturn in China due to surging raw material cost. Both cotton and viscose price have been on the steep uptrend due to supply shortage, mainly of the latter.
Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices
Polyester yarn price inches up in India, China
In Shengze, offers for 32s polyester yarn inched up US cent 1 a kg in the first week of July and 45s rolled over on the week. In Qiangqing, 32s weaving were also up US cent 1 a kg on the week. Offers for spun polyester yarns in China were stable to up buoyed by PSF prices that week, and the sales volume was flat on the week. Enquiring and trading sentiment was also flat. From late June, polyester yarn producers bought high cost PSF to replenish inventories in succession.
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 price slips in tandem with crude and paraxylene values
Asian PTA markers, fell US$6 a ton CFR China and down US$5 a ton CFR Southeast Asia in the first week of July. In China, offers for nearby-month goods weakened, and counter offers were stalemated. Yisheng Petrochemical dropped offer by US$5 a ton while Hengli Petrochemical issued self-lifting offer for bonded cargoes at Chinese main ports were also down US$5 a ton.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
MEG price declines on weak demand in Asia
Asian MEG prices fell US$7-12 a ton CFR China and CFR South East Asia in the first week of July. Mono ethylene glycol prices declined in Asian markets on weak demand that week. Downstream, polyethylene terephthalate resin plants in China were heard lowered their operating to 80-85%. China domestic MEG prices also decreased week on week.
In US, weak demand for MEG neutralised tightness as upcoming TAs limited spot availability. Meanwhile, arbitrage to Asia remained difficult. Thus, spot MEG prices were assessed stable.
