In China, offers for 32s polyester yarn in Shengze dropped US cents 2 a kg in the first week of April. In Qiangqing, 32s weaving yarn price fell US cent 1 a kg on the week.
PTA price inches up in Asia
Asian PTA prices were up US$9 a ton CFR China and CFR Southeast Asia in the first week of April. Purified terephthalic acid prices inched up recovering from previous two weeks decline on firmer upstream and rise in sentiment during the week.
According to sources, demand in China from the downstream polyester was healthy, with higher sales ratios towards the end of the week in Zhejiang and Jiangsu. However, there were no expectations of any significant upswing in demand for PTA in the near-term, although stable operating rates will continue.
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MEG price gains in Asia, falls in Europe
Asian MEG prices partially regained US$8 a ton CFR China and CFR South East in the first week of April. In China, offers for nearby-month cargoes surged up US$10 on the week.
Mono ethylene glycol prices in Asian markets partially regained previous week’s loss as downstream demand was seen improving. In China, domestic MEG prices also followed suit, inching up week on week as downstream demand from polyester factories helped bolster buying activity. Prices fluctuated upward early in the week and then fell somewhat at weekend.
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Viscose yarn price declines in line with VSF prices
In China, offers for ring‐spun 30s weaving yarn in Xiaoshan fell US cents 7 a kg in the first week of April, while compact siro‐spun 40s yarn in Jiangsu declined US cents 5 a kg on the week.
Viscose spun yarn prices trended south rapidly in China as the decline in VSF prices accelerated that week. Discussions for ring‐spun 30s and siro‐spun 40s yarn generally fell. Due to a long period of slow liquidity and tight funds, some yarn makers offloaded goods aggressively, leading to a mixed atmosphere in the market.
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Blended yarn price falls in Asian markets
In China, PC (65/35) 32s yarn prices fell US cents 2 a kg in the first week of April in Qianqing, while 45s PC combed yarn prices were down US cents 3 a kg on the week.
Blended yarn prices declined across Asian markets amid mélange in upstream fibre costs. In China, PV and PC yarn prices declined over large inventory levels and lower fiber prices. However, offers have lesser room to go south in the future.
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Polyester yarn price softens in China, India
In Shengze, offers for 32s polyester yarn dropped US cents 5 a kg in the last week of March. In Qiangqing, 32s weaving yarn offers fell US cents 4 a kg on the week.
Polyester spun yarn market in China softened that week, and offers fluctuated with a slight drop. Spot prices weakened somewhat that week, while transaction did not change much. After the Tomb-sweeping Day, it is likely that there will be some buying activity provided fabric market does not weaken too much.
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PTA price edges down in Asia, US
Asian PTA prices edged down US$5 a ton CFR China and CFR Southeast Asia in the last week of March. Purified terephthalic acid markets in Asia were under slight downward correction that week. Prices declined opening the week to slightly recover midweek after crude oil rebounded above US$50 a barrel. PTA markets showed quiet performance later in the week.
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MEG price drops across all regions
Asian MEG prices declined by US$15 a ton CFR China and CFR South East Asia in the last week of March. Mono ethylene glycol market in Asia sobered opening the week but was under recovery later together with a range-bound trend.
In China, MEG prices dropped at first and then rose somewhat that week. At the beginning of that week, domestic prices kept declining and in the second half of the week, markets rebounded slightly in line other Asian markets. Overall inventory with downstream was at a high level at present and some players bought a few volumes before the Tomb-sweeping Day.
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Blended yarn market sees mixed price movements
In Qianqing, PC (65/35) 32s yarn prices dropped US cents 2 a kg in the last week of March while 45s PC combed yarn prices were up US cents 2 a kg on the week.
Blended yarn prices were seen dropping in Asian markets as fibre prices receded somewhat. In China, PC yarn prices dropped but finer count yarn were slightly up.
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Polyester yarn price falls in China, India
In Shengze, offers for 32s polyester yarn fell US cents 5 a kg in the fourth week of March. In Qiangqing, 32s weaving yarn offers fell US cents 2 a kg on the week.
Spun polyester yarn markets in China were steady but offers declined with some sporadic numbers weakening somewhat. In Qiangqing, polyester yarn offers moved down as well amid quiet transaction in line with PSF price fall in recent weeks. Sentiment also weakened continuously due to fading sales in downstream.
