Asian MEG prices edged down US$12 a ton CFR China and CFR South East Asia in the last week of May. In China, offers for nearby-month cargoes fell US$25 a ton amid moderate transaction.
Blended yarn price rolls over in Asian markets
In China, PC (65/35) 32s yarn prices in Zhejiang remained unchanged in the last week of May, while 45s PC combed yarn prices rolled over on the week. PV 32s were traded stable during the week.
Blended yarn prices did not move in China's domestic market, as activity was reduced by a holiday shortened week. On the import market too, prices were relatively stable, due to slightly dropping in US$ terms whereas rising in yuan terms.
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Polyester yarn price inches up on rising PSF
In China, offers for 32s polyester yarn in Shengze were up US cent 1 a kg in the fourth week of May. In Zhejiang, 32s weaving yarn inched up US cents 3 a kg on the week.
Spun polyester yarn markets in China followed the rise in PSF values, although slightly. Transaction was tolerable and some specs saw healthy transaction amid moderate sentiment. Following huge purchases in early in the week, the overall polyester market went into weak adjustment driven by feedstock market.
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PTA price tumbles on weak raw material cost
Asian PTA prices gave back US$16 a ton CFR China and CFR Southeast Asia in the fourth week of June. In China, offers for bonded goods fell by US$5 a ton on the week. Yisheng Petrochemical cut it’s selling price US$5 a ton while Hengli Petrochemical’s kept it selling price flat during the week.
Purified terephthalic acid prices sobered in Asian markets as crude oil tumbled and paraxylene spot values declined. In China, September PTA futures tumbled weekend on the Zhengzhou Commodity Exchange.
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MEG price slips in Asia, US
Asian MEG prices slipped US$17 a ton CFR China and CFR South East Asia marker in the fourth week of May. Mono ethylene glycol prices slid in Asian markets on active trading and fall in feedstock ethylene cost for past few weeks.
Imports declined in April in China, indicating weak demand in the region despite Sinopec Yangzi Petrochemical shutting its 300,000 ton a year MEG plant at Nanjing for maintenance.
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Asian blended yarn markets remain stagnant
In China, PC (65/35) 32s yarn prices in the fourth week of May rolled over in Zhejiang, while 45s PC combed yarn prices remained unchanged on the week.
Blended yarn prices remained stagnant in China as inventories were relatively low and demand is expected to rapidly slow down, in line with the usual fall in textile production during June. However, with rising PSF prices and steady VSF market will somehow continue to support blended yarn markets.
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Polyester yarn price inches up in China
In China, offers for 32s polyester yarn in Shengze were up US cent 1 a kg in the third week of May. In Zhejiang, 32s weaving yarn also inched up US cent 1 a kg on the week.
Polyester spun yarn markets in China firmed up as PSF prices grew relatively strong in recent weeks. However, buyers were yet to follow up. Producers raised offers during the week amid brisk trading activities and citing good sales of some specs of polyester yarns. Trading sentiment in spun yarn and greige fabric markets was also activated by firming prices.
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PTA price jumps in Asia
Asian PTA prices jumped US$16 a ton CFR China amd CFR Southeast Asia in the third week of May. In China, offers for bonded good were up US$5 a ton. Yisheng Petrochemical raised it’s selling price by US$10 a ton while Hengli Petrochemical’s selling price was flat on the week.
Purified terephthalic acid prices jumped in Asian markets on the week as September PTA futures rose in China while paraxylene cost surged.
Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices
MEG price moves up in Asia
Asian MEG prices surged US$94 a ton CFR China and CFR South East Asia in the third week of May. In China, offers for nearby-month cargoes climbed US$80 a ton on the week.
Mono ethylene glycol prices in Asian markets declined on weaker futures and traders taking profits early in the week, with both yuan-denominated swaps and US$-denominated spot cargoes trading sharply lower, especially midweek.
In Europe, MEG spot prices moved sideways as suppliers were unwilling to lower prices although demand remained tepid.
Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices
Blended yarn price remains stable in Asian markets
In China, PC (65/35) 32s yarn prices remained unchanged in the third week of May in Zhejiang, while 45s PC combed yarn prices rolled over on the week. Blended yarn prices moved in tandem with the recent changes in fibre prices. In China, PC yarn prices rolled over reflecting firm cotton prices while PSF prices stopped declining, even bottoming out in the week.
