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Asian MEG prices gained US$6 a ton CFR China and CFR South East Asia in the last week of April. Mono ethylene glycol prices tumbled opening the week in Asian markets only to recover later and post a weekly rise as markets stabilized. In China, inventories were slowly consumed supporting domestic prices to rise. Market fundamental improved somewhat that week, while favorable influences were limited.

In Europe, spot MEG prices moved sideways on the week amid limited material inquiries while demand remained soft.

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

Blended spun yarn prices stayed relatively unchanged in the week in China over a similar stability of fiber prices. On the import market, offers were seen plunging, in return, creating competition for domestic suppliers. However, stable to week fibre prices remained supportive for local spinners.

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In China, offers for 32s polyester yarn in Shengze inched up US cents 2 a kg in the third week of April. Polyester yarn market saw sporadic deals concluded that week, and producers kept offers steady. In Qiangqing, polyester yarn markets were under downward correction amid lackluster transaction.

In India, polyester yarn 30 knit yarn prices were down INR2 a kg (down US cents 3) in Ludhiana market. Indian polyester yarn spinners were forced to cut their prices given the downward revision in PSF prices early April and to recoup demand on domestic and export markets.

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Asian PTA prices edged down US$2 a ton CFR China and CFR Southeast Asia marker in the third week of April. In China, offers for nearby-month cargoes softened slightly during the week. Yisheng Petrochemical’s selling price was down US$5 a ton while Hengli Petrochemical’s selling price remained unchanged.

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Asian MEG prices tumbled US$45 a ton CFR China and CFR South East Asia marker in the third week of April. Mono ethylene glycol spot hit a 6-month low on high stocks as prices tumbled amid ample supply in China and a rise in feedstock ethylene costs. Prices also plunged on talk of short-selling while in China, prices plummeted as inventory levels grew dramatically.

In US, spot MEG prices were firm and flat for a second consecutive week, as a balanced market continued to offset price movements. Barge activity continued to remain stagnant while China was at net back to low for US market.

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

Offers and trade price in China for blended yarn dropped slightly on the week given the downward movement in fibre prices. The reduction is also due to the current weakness in demand.

In India, blended yarn prices continued to roll over despite some fall in cotton and PSF prices in recent week.

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In China, offers for 32s polyester yarn in Shengze inched up US cents 2 a kg in the second week of April. In Qiangqing, 32s weaving yarn prices gained US cents 3 a kg on the week.

Polyester spun yarn market in China was steady for the moment and offers for 32s and 45s were up, with the latter seeing moderate sale. However, spun yarn industry entered a slack season and if the market weakens continuously, producers will show low interest to replenish inventories, and most of them will produce to meet rigid demand.

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 prices were down US$22 a ton CFR China and CFR Southeast Asia in the second week of April. Yisheng Petrochemical’s selling price inched down US$5 a ton while Hengli Petrochemical’s selling price rolled over on the week.

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

Asian MEG prices declined US$13 a ton CFR China and CFR South East Asia in the second week of April. Mono ethylene glycol prices were down in Asia amid weak market sentiment and shorter week.

In China, most of week saw MEG market in stalemate, mainly because market participants were cautious of mixed news in the market. On weekend, players in short position strengthened once again as the volume of goods arriving in China’s ports expanded significantly.

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In China, PC (65/35) 32s yarn prices rolled over in the second week of April in Qianqing, while 45s PC combed yarn prices were flat on the week.

Blended yarn prices generally rolled over depending on the change in fibre cost over the past few weeks. In China, a recovery in PSF prices supported PC and PV yarn markets while falling VSF prices helped recoup margins.

In Pakistan, PC and PV yarn prices did not change in the week, in line with the stability of raw material prices, excepting VSF prices.

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