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Feedstock still supporting polyester chain, but for how long?

Related Keywords: paraxylene price, polyester fibre price, Polyester prices, PTA price

Feedstock paraxylene markets will continue to support downstream polyester segment for some time since more and more PTA capacity will come on stream while paraxylene supplies will remain short until new capacities come on line. Q3 and early Q4 will see demand from PTA for paraxylene firming rapidly. PET or polyethylene will drive the markets while textile filament will remain subdued. However, poor demand for polyester fibre is likely to weaken further in coming few weeks until prices stabilize at low level. This poor show will emanate from low cotton prices.

PTA producers managed to lift price, but spot relents

Related Keywords: daily polyester prices, daily yarn prices, latest textile prices, MEG prices, paraxylene prices, Polyester prices, polyester staple prices, PTA prices

Asian PTA prices gave back some of its recent gains despite continuous soaring feedstock paraxylene prices since early May (0.66 unit paraxylene required to produce 1 unit of PTA). The tighter domestic PTA market in China was found easing in the week ended 20 June. Sinopec restarted its four PTA plants across China on 18 June, boosting paraxylene sentiment as demand will resume from these four units, hence prices soared in the week. The contract price for PX in Asia failed to reach a settlement for June, the eighth time in the last 10 months leaving PTA makers to enter spot.

Bullish feedstock sparks polyester chain, PTA-MEG rises further

Related Keywords: ethylene price, MEG price, paraxylene price, polyester fiber price, polyester filament price, Polyester prices, PSF, PTA price

Asian ethylene markets were on the bullish note in the week ended 23 May as spot supplies tightened amid a lack of regional supply, supporting prices to rise. The markers rose US$12 a ton CFR Northeast Asia while South Korea marker was up US$5 a ton. Meanwhile European spot ethylene market tracked increase in naphtha values and ended at a six-week high, up Euro12.50 a ton FD NWE on the week. In US, spot ethylene prices recovered US cent 0.75 per pound despite thin trade while the market discussed producers preparing for third-quarter turn around.

Ethylene firms up entering 2014, paraxylene moderates in Asia

Related Keywords: ethylene price, MEG prices, paraxylene prices, Polyester prices, PTA prices, weekly textile prices

Ethylene prices were firmer in Asian markets amid tight regional supply and warming up demand in the week of 3 January. The markers rose US$20-30 week on week to be assessed at US$1,519-1,521 a ton CFR Northeast Asia and US$1,474-1,476 a ton CFR Southeast Asia. In Europe, ethylene markets were quieter and prices mostly rolled over while ample supply moderated ethylene prices in US.

Polyester spun yarn prices stable as markets roll over

Related Keywords: ethylene price, MEG prices, paraxylene price, pfy price, Polyester prices, polyester spun yarn, psf price, PTA prices, yarn prices

Last week, the polyester spun yarn markets remained tepid with limited new orders as buyers awaited for signal from the upstream fibre markets. In China, offers changed marginally, but transaction weakened. PSF prices briefly rolled over, with the central level

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