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In Shengze of Jiangsu, offers for 32s polyester yarn prices were down US cents 2 a kg due to weak Yuan, and those for 45s were down US cent 1 a kg in the first week of January.

Spun polyester yarn market saw offers remain stable and limited deals concluded. Mainstream offers in China for spun polyester yarn 32s and 45s rolled over but were moderate in US$ due to weak Yuan.

Upstream PSF prices were stable early in the week and then weakened slightly reflecting changes on stock market and the overall polyester market.

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Asian PTA markers edged down US$5-7 a ton CFR China and CFR Southeast in the first week of January. CFR India also slipped to US$584 a ton.

In China, sellers were unwilling to sell goods at below US$580 a ton in the second half of the week due to high costs, and buying ideas were maintained at US$550-560 a ton.

Yisheng Petrochemical’s cash-based prices ranged between US$562-579 a ton while Hengli Petrochemical issued self-lifting offers at US$595-610 a ton.

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Asian MEG markers fell US$34 a ton CFR China and CFR South East Asia in the first week of January.

In China, offers fell to US$590 a ton, and central negotiations softened to US$580-585 a ton.

Mono ethylene glycol prices fell in Asian markets on weak futures and aggressive selling. Falling Futures subsequently dragged down both physical forward and prompt prices for both H2 July and H1 August.

A few MEG units in Asia are likely to reduce the term supply in January as polyester producers will cut down MEG contract volume for 2016.

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In Qianqing, PC (65/35) 32s yarn prices fell US cents 6 a kg in the first week of January while 45s PC combed yarn prices were down US cents 4 a kg.

Blended yarn prices moved in line with the past changes in fibre prices while firm cotton prices supported yarn makers.

In China, cotton yarn prices have dropped 5-7% in US$ terms, with lower counts of PC yarn prices even experiencing a double-digit fall. PSF and VSF prices have more sharply fallen in the meantime.

In India, firm cotton prices pushed PC yarn prices up while the rise was limited by the drop in PSF prices.

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In Shengze of Jiangsu, offers for 32s polyester yarn prices declined US cents 3 a kg in the last week of December 2015, and those for 45s fell US cents 4 a kg.

Spun polyester yarn price inched down in China amid poor sales situation. Offers were weakly stable amid thin transaction in line with PSF values that week.

Some sporadic deals were concluded on the back of limited demand.

Producers did not run at high rates, and they held low interest to buy raw materials. Most producers just bought goods to meet rigid demand were inclined to buy low-priced goods.

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

Asian PTA markers edged down US$1 a ton CFR China and CFR Southeast in the last week of December 2015. CFR India also slipped US$1 a ton on the week.

In China, sellers showed low interest at US$580 a ton, while buyers were reluctant to buy goods at above US$550-555 a ton.

Yisheng Petrochemical’s offers were at US$574 a ton while Hengli Petrochemical issued self-lifting offers at US$605-610 a ton.

Purified terephthalic acid prices were stable weekend but edged down on the week, tracking the price movement in Northeast Asia.

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Asian MEG markers, the CFR China and CFR South East Asia rose US$30 a ton in the last week of December 2015.

In China, offers surged to US$615 a ton, and discussions and trading values followed up to US$610-615 a ton.

Mono ethylene glycol prices jumped on the week in Asian markets after market sentiment weakened gradually last week.

Prices climbed up in early week as players in short-position replenished goods at the end of December.

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In Qianqing, PC (65/35) 32s yarn prices fell to US$2.41 a kg while 45s PC combed yarn prices were down US cents 4 a kg in the last week of December.

Blended spun yarn prices further fell in China, which could eventually trigger a move on the international market and on domestic markets in India and Pakistan.

In Qianqing (Zhejiang), polyester-cotton prices were declining, although only for lower counts. In India, blended yarn pries moved in different directions in Indore and Ludhiana markets.

In India, 30s (65/35) PV warp yarn prices inched down INR1 a kg in Indore market.

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Asian MEG markers gained US$20 a ton CFR China and CFR South East Asia in the third week of December.

SABIC nominated its January Asia Contract Price at US$730 a ton CFR Asian main ports, down US$40 from December.

In China, the upper range of prices remained limited at US$570 a ton.

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

In Qianqing, PC (65/35) 32s yarn prices fell US cents 2 a kg while 45s PC combed yarn prices were stable at US$3.32 a kg in the third week of December.

Blended yarn prices fell sharply in China, especially polyester-cotton yarn after resisting to fall for a while.

The fall is explained by the continuous declined in cost of cotton as well as PSF and VSF, with no sight of bottoming out.

In Qianqing, they have lost up to 2-6 cents a kg in the third week. Other yarn prices remained more stable, with better margins at the moment.

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