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Asian PTA markers regained US$5 a ton CFR China and CFR Southeast Asia in the last week of January.

In China, offers were maintained at US$550-555 a ton, and counter offers were between US$530-540 a ton, with both stalemated.

Yisheng Petrochemical’s cash-based daily prices were up US$8 from previous week while Hengli Petrochemical issued self-lifting offers which were up US$10 a ton on the week.

Purified terephthalic acid markets in Asia continued to fluctuate in a narrow range during week, as crude oil price picked up slightly throughout the week.

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Asian MEG markers gained US$33 a ton CFR China and CFR South East Asia in the last week of January.

In China, discussions and trading price for nearby-month cargoes were between US$570-575 a ton early in the week, which were hiked to US$585-590 a ton midweek, with higher offers for forward-month at US$600-605 a ton.

Mono ethylene glycol prices in Asian markets surged on the week as sentiments turned bullish with news of various plant issues across Taiwan and the Middle East.

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In Qianqing, PC (65/35) 32s yarn prices were stable in the last week of January while 45s PC combed yarn prices rolled over on the week.

Blended spun yarn prices remained relatively stable in the last seven days in China, with however a few rates slightly declining.

Spinners were in holiday mood with production being cut in order to reduce inventories before holidays. Inventories were down, especially in case of 24s PC, 31 PC and 38 PC yarns.

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Asian PTA markers inched down US$6 a ton CFR China and CFR Southeast in the third week of January.

In China, several parcels of bonded goods on one-day trip were traded at US$536-538 a ton midweek.

Yisheng Petrochemical’s cash-based daily prices were down US$10 on the week while Hengli Petrochemical issued self-lifting offers at US$560-565 a ton, down US$5.

Purified terephthalic acid prices moderated a bit in Asian markets on surplus inventory amid thin trade. Meanwhile, buyers were heard to have lowered their bids further amid falling PET and polyester prices.

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In India, polyester yarn 30 knitting yarns prices in the third week of January were down US cents 6 a kg, due to weak INR, in Ludhiana market while they fell US cents 4 a kg in Indore, also due to weak INR.

In Ludhiana, prices have again lost INR2 on the week or about 6 cents per kg, as the INR was eventually sliding.

In Qianqing, offers for 32s polyester yarn prices rolled over on the week, and those for 45s remained unchanged.

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Asian MEG markers gained US$18 CFR China and CFR South East Asia in the third week of January.

In China, MEG values inched down in first half on weak crude oil price, and negotiations fell to US$540 a ton. As crude rose MEG prices surged US$20 a ton in the second half of the week.

Mono ethylene glycol prices surged in Asian markets as crude oil rebound and MEGlobal immediately limiting MEG supply to Asian customers for an unspecified period due to a shortage of feedstock at its plants in Kuwait.

In US, spot MEG prices hovered at 78-month low while demand remained on an average.

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In Qianqing, PC (65/35) 32s yarn prices edged down US cent 1 a kg in the third week of January while 45s PC combed yarn prices rolled over on the week.

Price offers for blended spun yarn dropped less sharply in China, ahead of lunar year holidays. Polyester-cotton prices have however been lowered in Qianqing, in line with a slight decline of cotton prices.

Yarn producers were trying to reduce their inventories before holidays and were ready to negotiate prices further.

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In Qianqing, offers for 32s polyester yarn prices inched up US cents 2 a kg in the second week of January on the upper end, and those for 45s rolled over on the week.

Spun polyester yarn markets in China were weakly stable, and some sporadic deals were concluded. 32s spun polyester yarn was mainly offered at a roll over in Qianqing. Offers of spun polyester yarns in Shengze were kept steady amid mute trading atmosphere that week.

Some producers shut down units as they held low enthusiasm, and they showed low interest to buy raw materials except some rigid demand.

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Asian PTA markers fell US$18 a ton CFR China and CFR Southeast in the second week of January.

In China, offers for bonded goods on one-day trip from suppliers moved down continuously, while buying interest remained softened. Buying ideas stayed below US$540 a ton, with the discussion at a stalemate.

Yisheng Petrochemical’s prices ranged between US$547-565 a ton while Hengli Petrochemical issued self-lifting offers at US$565-600 a ton.

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

In Qianqing, PC (65/35) 32s yarn prices fell US cents 2 a kg in the second week of January while 45s PC combed yarn prices rolled over on the week.

Blended yarn prices moved down in China in line with fibre prices. Polyester cotton yarn prices dropped in the meantime with falling cotton price.

The fresh fall in fiber prices depressed yarn offers, with even cotton losing ground on the domestic market in China whereas viscose sharply retreated. PSF prices showed resilience but could further decline.

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