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Falling feedstock price weakens downstream polyester chain

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Ethylene prices declined sharply in the first week of March in North East Asia as demand dropped for downstream styrene monomer while other derivatives like PE weakened significantly. In US, ethylene spot fell on longer supply as Formosa Plastics Texas unit returned from turnaround while February contract was settled higher on the month. European ethylene market was bullish as material remained tight amid firm demand remains.

PTA price in Asia faces the brunt of sluggish demand

Purified terephthalic acid prices in Asian markets slipped in the first week of August amid bearish downstream polyester markets as end-users remained sluggish, expecting the lack of buying interest to pressurize spot prices through August. Hengli Petrochemical made an announcement midweek that it was shutting two of its PTA units in China.

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

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